Breaking News, Ripple Just Won The case Against the US SEC, XRP Skyrockets
The ripple community has waited for the summary judgment to declare XRP a security or cancel the SEC’s claims for some months now.
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The ripple community has waited for the summary judgment to declare XRP a security or cancel the SEC’s claims for some months now.
A partially favorable court ruling in the long-drawn legal dispute between Ripple Labs and the Securities and Exchange Commission over whether the sale of XRP tokens constituted an unregistered securities offering has caused crypto market capitalization to surge more than 4 percent over the past 24 hours.
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In a landmark ruling, a U.S. judge has determined that Ripple's sales of the XRP token (CRYPTO: XRP) do not constitute an offer of investment contracts.
The SEC's case against Ripple has resulted in summary judgement in favor of Ripple Labs stating that XRP is not a security.