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In this photo illustration, a visual representation of the digital Cryptocurrency Ripple is displayed on January 30, 2018 in Paris, France. 

Chesnot | Getty Images

Ripple’s XRP token went up 68% in the last 24 hours, leading a wider rally of major-cap altcoins, as crypto traders digest a key ruling that could stifle U.S. regulator efforts to stamp out digital asset trading.

Solana’s SOL and Cardano’s ADA tokens are 26% and 21% higher, while Algorand’s ALGO and Polygon’s MATIC coins are up 12% and 9%, respectively. All four tokens were recently singled out as securities in the U.S. Securities and Exchange Commission’s formal suits against popular crypto retail trading exchanges, including Binance and Coinbase.

But the Thursday summary judgement from U.S. District Judge Analisa Torres calls that classification into question.

For three years, the SEC and Ripple Labs — who developed the Ripple blockchain and issues the XRP token — have been locked in a protracted courtroom battle over whether the XRP, the world’s fourth-largest cryptocurrency, constitutes a security.

In 2020, the SEC alleged that Ripple, its CEO Brad Garlinghouse and the company’s executive chairman violated securities laws when it sold $1.4 billion worth of XRP. Ripple maintained that its token is not a security — triggering ongoing confusion over which digital coins fall into which regulatory bucket.

Many viewed the agency’s lawsuit against the San Francisco-based startup Ripple as a bellwether case for the wider industry — which could potentially force the SEC’s hand on defining which of the nearly 20,000 crypto tokens fall under its jurisdiction.

In her judgment on Thursday, U.S. Southern District of New York District Court Judge Analisa Torres ruled that XRP in itself is “not necessarily a security on its face.”

That elated industry participants, who saw the decision as a victory for both XRP and other coins.

“The ruling by federal Judge Analisa Torres is a landmark decision because she challenged the SEC in holding that Ripple’s XRP token is not a security subject to SEC regulation,” said Renato Mariotti, a former prosecutor in the U.S. Justice Department’s Securities & Commodities Fraud Section and now a trial partner in Chicago with Bryan Cave Leighton Paisner.

“The ruling undercuts the SEC’s assertion that nearly every token is a security and puts at risk some of the Commission’s recent enforcement actions.”

Watch CNBC's full interview with Ripple CEO Brad Garlinghouse

The industry hopes that the Thursday move “could lead Congress to adopt a more rational regulatory scheme,” Mariotti said. But uncertainty will continue to reign, in the absence of clear regulation, he added.

The development has nevertheless caused excitement in the crypto market. Coinbase has already moved to re-list XRP since Thursday.

The response from crypto markets harks back to the heydays of the crypto boom in 2021, when several bitcoin “alternatives,” or altcoins, rallied sharply, following on from a bounce in the largest cryptocurrency’s price.

Not clear cut

Judge Torres didn’t give Ripple a clean victory, ruling that some sales of XRP did constitute investment contracts that pass the so-called “Howey test” — a legal assessment to determine whether an asset is a security.

XRP sales to institutional investors, she said, qualify as securities and should have been registered with the SEC. That’s because investors involved in those sales signed up to agreements, which meant they had to lock up their tokens for a certain period of time.

Given they couldn’t back out of the deals, there was no possibility for XRP to be viewed as anything other than a speculative investment.

On the other hand, Torres pronounced that “programmatic sales” of the token — or crypto exchange transactions with retail investors — do not qualify as securities.

“The judge declined to deliver summary judgment on the question of whether programmatic sales of XRP via exchanges constituted the sale of securities, meaning that this question will be litigated further,” Cory Klippsten, the CEO of Bitcoin financial services firm Swan.com, told CNBC.

“I believe it’s likely that secondary trading of altcoins on exchanges will be given a pass, and that this is consistent with the laws on the books.”

Much of the SEC’s recent actions against exchanges like Gemini, Binance, and Coinbase hinge on the assumption that the assets on the platforms are securities. Thus, listing them without SEC approvals translated to a violation of securities laws.

The Thursday ruling may complicate the SEC’s campaign against exchanges, as it suggests that exchanges of crypto on the open market might not qualify as sales of securities.

Crypto-pegged equities like Coinbase and MicroStrategy — which has heavily invested its corporate balance sheet in bitcoin — were up by 24% and 11%, respectively, as of the Thursday close.

While Torres maintained that XRP in itself is not a security, many investors appear to be missing the point — what makes an asset a security isn’t the asset itself, but the way in which it is sold or marketed.

It is a more nuanced judgment than many in the industry have been treating it, and it’s worth noting the case is far from settled. There is a possibility that some of the findings could be appealed and reversed, as the court is due to issue a separate order setting a trial date.

XRP surges after win in court battle with SEC, and ex-CEO of Celsius arrested: CNBC Crypto World

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Survey Sunday: we asked how much home charging SHOULD cost, you answered

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Survey Sunday: we asked how much home charging SHOULD cost, you answered

For the last few weeks, we’ve been running a sidebar survey about how much Electrek readers think it would cost to add EV charging systems to their homes. After receiving over twenty-four hundred responses, here’s what you told us.

In our previous survey, we asked readers why they chose to install solar panels at home. In the recap, many of our commenters mentioned having their systems systems pull double duty — charging home backup batteries and topping off their electric cars. That got us thinking: as more and more first-time EV owners look into the many benefits of home charging, how much do they expect to pay for home charging?

Based on over 2,400 responses, this is what you told us.

What do you expect to pay for home charging?


By the numbers; original content.

The most positive surprise was that more than a third of Electrek readers who responded to the poll already had 240V outlets in their garage, so they expected to pay effectively $0 – their homes are EV ready now!

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Of the remaining 64%, 44% were fairly evenly split between a relatively straightforward ~$500-1,000 wiring job with a few wiring or panel upgrades while only about 18% expected to spend over $1,000 due to having an older home, a detached garage, or for some other (apparently pricey and/or inconvenient) reason.

Navigating the questions


EVSE installer; via Qmerit.

Just like you would for home solar, we’d recommend getting a quote from several installers before making a decision. One of our trusted partners, Qmerit, offers a quote-sourcing service called PowerHouse. The service scans pricing from thousands of completed electrification installations across North America to provide the best quotes that take regional variability into account and work with homeowners to “bundle” chargers, installation, and even batteries.

America has arrived at an inflection point in which all of the technical, policy and financial elements are in place to support a societal shift toward whole-home electrification. Now what’s needed is a comprehensive way to assemble these complex elements into a simple, financeable, home-energy retrofit that makes it easier to implement.

QMERIT FOUNDER TRACY PRICE

Qmerit says its new bundling program can flag the potential for federal, state, and local utility incentives like the ones we’ve covered from Illinois utility ComEd and others that can reduce or even eliminate the upfront costs of home installations for many.

Original content from Electrek.


If you drive an electric vehicle, make charging at home fast, safe, and convenient with a Level 2 charger installed by Qmerit. As the nation’s most trusted EV charger installation network, Qmerit connects you with licensed, background-checked electricians who specialize in EV charging. You’ll get a quick online estimate, upfront pricing, and installation backed by Qmerit’s nationwide quality guarantee. Their pros follow the highest safety standards so you can plug in at home with total peace of mind.

Ready to charge smarter? Get started today with Qmerit (trusted affiliate).

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California hits back as CARB takes legal action against truck brands

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California hits back as CARB takes legal action against truck brands

Following a lawsuit brought against the California Air Resources Board (CARB) by major heavy truck manufacturers over California’s emissions requirements, CARB has struck back with fresh lawsuit of its own alleging that the manufacturers violated the terms of the 2023 Clean Truck Partnership agreement to sell cleaner vehicles.

Daimler Truck North America, International Motors, Paccar and Volvo Group North America sued the California Air Resources Board in federal court this past August, seeking to invalidate the Clean Truck Partnership emissions reduction deal they signed with the state in 2023 to move away from traditional trucks and toward zero-emission vehicles (ZEVs). The main point of the lawsuit was that, because the incoming Trump Administration rolled back Environmental Protection Agency (EPA) policies that had previously given individual states the right to set their own environmental and emissions laws, the truck makers shouldn’t have to honor the deals signed with individual states.

“Plaintiffs are caught in the crossfire: California demands that OEMs follow preempted laws; the United States maintains such laws are illegal and orders OEMs to disregard them,” the lawsuit reads. “Accordingly, Plaintiff OEMs file this lawsuit to clarify their legal obligations under federal and state law and to enjoin California from enforcing standards preempted by federal law.”

After several weeks of waiting for a response, we finally have one: CARB is suing the OEMs right back, claiming that the initial suit proves the signing manufacturers, “(have) unambiguously stated that they do not intend to comply.”

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They want to sell Americans more diesel


Peterbilt Model 589; via Peterbilt.

In its lawsuit, CARB argues that monetary damages alone would not make the people of the State of California whole as far as damages are concerned, citing that the stated goal of the 2023 Clean Truck Partnership was, “to achieve emissions reductions that cannot be measured strictly in financial terms,” according to ACT-News.

The agency is asking the court to compel the truck companies to perform on their 2023 obligations or, failing that, to allow CARB to rescind the contract and recover its costs. A hearing on the truck makers’ request for a preliminary injunction was held Friday, with another court date set for November 21, when CARB will seek to dismiss the case brought forth by the truck brands. The outcome of these cases could shape how state and federal government agencies cooperation on emissions rules in the future.

You can read the full 22-page lawsuit, below, then let us know what you think of CARB’s response (and their chances of succeeding) in the comments.

SOURCES: CARB; via ACT-News, Trucking Dive.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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New national law will turn large parking lots into solar power farms

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New national law will turn large parking lots into solar power farms

Starting this month, parking lots in South Korea with more than 80 spaces will be required to install solar canopies and carports. But, unlike similar laws that have been proposed in the US, this new law doesn’t just apply to new construction – existing lots will have to comply as well!

South Korea’s Ministry of Trade, Industry and Energy announced in August that it has prepared an amendment to the Enforcement Decree of the Act on the Promotion of the Development, Use, and Diffusion of New and Renewable Energy to the effect that all publicly- and privately-owned parking lots in the Asian country with room for more than 80 vehicles will be compelled to add solar panels to their lots in a move designed to proactively expand renewable energy and create more solar and construction jobs.

In addition to creating jobs and working to stabilize the local grid with more renewable energy, the proposed solar canopies will offer a number of practical, day-to-day benefits for Korean drivers, as well.

The shaded structures will protect vehicles from heavy rain, snow, and the blistering summer sun — keeping interiors cooler, extending the life of plastics and upholstery, and even helping to preserve battery range in EVs and PHEVs by reducing their AC loads (and, of course, provide charging while the cars are parked).

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To their credit, Ministry officials absolutely get it. “Through this mandatory installation,” one unnamed official told Asia Business Daily, “we expect to expand the distribution of eco-friendly renewable energy generation facilities while providing tangible benefits to the public. By utilizing idle land such as parking lots, we can maximize land use efficiency. In addition, installing canopy-type solar panels can provide shade underneath, offering noticeable comfort to people using parking lots during hot weather.”

The new rule was approved in late September, and is expected to go into effect later this month, with new installation projects set to begin immediately.

It could work here


Solar carport; by Standard Solar.

South Korea is proving that an idea like is practical. Here in the US, we’re proving that out, too – the Northwest Fire District in Arizona partnered with Standard Solar to build a conceptually similar, 657 kW solar carport system across 12 parking lots (shown, above) that delivers more than 1.23 million kWh of clean, emissions-free power annually and offsets the equivalent of 185,000 vehicles’ worth of harmful carbon emissions.

That’s just Arizona. In New York, a new initiative to help expand solar into parking lots has more than doubled commercially zoned land where EV charging stations can be sited, “freeing up” an additional 400 million square feet of space throughout the city. 

Sun-rich states like Texas, New Mexico, and Florida could also benefit, and even if we’re “just” adding fresh energy sources to municipal parking, dealer lots, and public schools, we could do a lot to reduce the cost of energy generation for the entire community. And, for what it’s worth, that seems to be right in line with the big reasons why people are choosing to add solar to their homes today.

What do you guys think – would something like this work in the US, or are we too far gone down the sophomoric, pseudo-libertarian rabbit hole to ever dig our way out? Let us know your take in the comments.

SOURCE | IMAGES: Asia Business Daily, via LinkedIn; Standard Solar.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

FTC: We use income earning auto affiliate links. More.

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