US Federal Judge Says: "Cryptocurrencies are considered securities regardless of how they are sold"

U.S. District Judge Jed Rakoff yesterday made a ruling that was opposite the recent Ripple ruling made by a Federal Judge in the same court.

https://preview.redd.it/esiczys3aifb1.png?1836&format=png&auto=webp&s=0cc20eff3388a0da39c4899befcfa5f3dd681597

This sets up a basis for appealing the Ripple ruling and also sets a basis of appeal for this ruling. It essentially puts some aspects of what is a security more firmly in the court's hands since the same court with two different judges is giving contradictory rulings.

This is what happens when you don't have clear crypto rules. I am not saying that clear crypto rules would be good for crypto, but they would make it more clear on how to operate in the field.