"boost the Ethereum case to avoid being designated as security but it does not necessarily have direct implications for Ripple,
This 'other category' that would involve more restrictions and investor protections than currently envisaged for commodities but less onerous than those required for securities."
"The speech acknowledges that there is an 'other' category
"It's not a security because there's no 'controlling group' (at least in the Howey sense) yet, there may be a need for regulation to protect purchasers."
Overall, the release of the documents will benefit Ethereum
"If Ripple wins the fair notice argument, however, that would have implications for current and future SEC enforcements
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