Xrp Not A Security – I want to know if XRP is considered a security or not based on recent court rulings.
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Answered: July 13, 2023
Yes, according to the recent ruling by Judge Torres, XRP is classified as a security when sold to institutional investors. This means that institutional sales of XRP fall under securities regulations.
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Answered: July 13, 2023
However, the judge also ruled that XRP is not a security in general, meaning it does not fall under securities regulations when sold to the general public. This is a significant decision in the ongoing legal battle between Ripple Labs and the SEC.
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