Ripple Vs Sec – I would like to know the result of the Ripple vs SEC case regarding XRP and its impact on the cryptocurrency market.
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Answered: July 13, 2023
In the court ruling, Judge Analisa Torres determined that Ripple's institutional sales of XRP violated federal law as they were unregistered. However, there is a partial victory for Ripple as the judge stated that XRP is not a security when sold to the general public.
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Answered: July 13, 2023
This ruling brings some regulatory clarity to Ripple's fight with the SEC. While institutional sales are considered a violation, it implies that XRP can still be freely traded by the general public. The outcome of this case could have significant implications for the cryptocurrency industry as a whole.
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