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Actually SEC And Ripple The lawsuit between the two dates back to 2020. The cases were brought to court after the SEC alleged in December 2020 that Ripple’s
Actually SEC And Ripple The lawsuit between the two dates back to 2020. The cases were brought to court after the SEC alleged in December 2020 that Ripple’s XRP token was an unregistered security. Today, the verdict in the case between the two came out.
US District Judge Analisa Torres, Many cryptocurrencies have skyrocketed after Ripple Labs announced that its native token is not a security.
In court documents obtained by Cointelegraph; Judge Torres, Ripple’s programmatic sales, other distributions, and Larsen’s and Garlinghouse’s XRP sales do not constitute investment contracts. said.
Following this announcement, XRP more than 27% got value. After the developments XRP rocketed from $0.45 to $0.63.
After the lawsuit was settled in Ripple’s favor, CEO Brad Garlinghouse posted a message on Twitter. Garlinghouse wrote in his post: “We said in December 2020 that we are on the right side of the law and we will be on the right side of history. Thank you to everyone who helped us reach today’s decision. This is a decision in favor of all cryptocurrency innovation in the US.” said.
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Jason Root is a blockchain enthusiast and author at Div Bracket. He provides comprehensive coverage of the latest developments in the world of blockchain, offering readers a unique perspective on the industry and its potential for revolutionizing various industries.
