- VanEck’s publication clarifies the classification of tokens, citing the SEC vs. Ripple case as a reference.
- RIAs face uncertainties in an era of wealth transfer and growing young crypto investor enthusiasm.
- The SEC vs. Ripple case is crucial in understanding the legal status of tokens traded via blind bid/ask transactions.
VanEck, a prominent US asset manager, has recently extended a guiding hand to Registered Investment Advisors (RIAs), offering insights into the regulatory status of tokens in the crypto market, with particular reference to the ongoing US Securities and Exchange Commission (SEC) vs. Ripple case.
Read CRYPTONEWSLAND on
google news
Titled “The Future of Finance: RIAs’ Burning Questions on Crypto,” VanEck’s publication aims to address the pressing questions that frequently emerge in the domain of digital assets. The impetus behind this publication lies in the midst of an unprecedented era of wealth transfer and a surge in enthusiasm among young crypto investors.
As the financial landscape evolves, RIAs confront a myriad of unknowns, prompting a dire need for guidance. A paramount concern that VanEck’s Crypto FAQ for RIAs tackles is the classification of tokens as securities.
Drawing from the ongoing Ripple Labs vs. SEC case, VanEck underscores a significant point: currently, programmatic, secondary sales of tokens are not classified as securities under the purview of US courts. This serves as a key reference for understanding how tokens traded through blind bid/ask transactions on exchanges and decentralized finance (DeFi) protocols are legally perceived.
However, it’s crucial to note that the perception of these tokens’ legal status may evolve as the Ripple case continues its journey through the legal system. The case, still under trial, holds the potential to reshape the regulatory landscape for crypto assets. As wealth transfer and youthful fervor fuel the crypto market, VanEck’s insights become invaluable for RIAs seeking clarity in this evolving financial frontier.
Read also:
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
