Ripple News – I want to know the latest updates regarding Ripple and its legal battle with the Securities and Exchange Commission.
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Ripple has won an early dismissal of some claims in the SEC lawsuit, marking the end of a three-year legal battle. The U.S. District Judge ruled that Ripple's institutional sales of its XRP token violated federal law. However, the token is considered a security only when sold to institutional investors, not the general public.
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This decision could support other cryptocurrency firms' claims against regulators. Ripple had sold approximately $728.9 million worth of XRP directly to institutional buyers. The SEC alleged that Ripple and its co-founders misled investors, but the ruling was a partial win for the SEC.
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