not on my bingo card, a ruling that securities law applies to and can be enforced to protect institutional investors, but leaves retail investors to their own devices.
are there precedents of this “security for thee but not for me”?
does it serve the purposes for which securities law was established if punters who want to treat a thing as poker chips absolve isssuers of legal responsibility?
kind of wow.
news.bloomberglaw.comRipple Tokens Sold to Public Are Not Securities, Judge Says (1)