Is Xrp On The Verge Of Being Labeled Not Security
At the heart of this
At the heart of this storm lies the SEC’s claim that XRP, the digital currency created by Ripple Labs, is an unregistered security. But what does this mean for XRP investors and the broader crypto landscape?
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Ripple Labs
Ripple Labs, wherein the judge held that XRP per se is not a security, although certain past institutional sales were indeed investment contracts. A Framework for Legal Clarity. Ripple’s letter spells out a formal
Ripple’s $XRP dodged the “security” label, as the judges in SEC v Ripple ⚖️ issued their summary ruling. Here are the main lines of the ruling and what they could mean for the larger crypto industry.
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Contrary to the SEC
Contrary to the SEC’s allegations, the court ruled that XRP is not classified as a security when traded on public exchanges. However, it left open the possibility of a different classification for direct institutional sales.
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Breaking: Ripple Challenges SEC Rules XRP Isn’t a Security, Says