The lawsuit between Ripple and America’s securities regulator – the US SEC – is undoubtedly one of the trendiest topics in the cryptocurrency space. The legal battle started in 2020 when the watchdog accused the former and its management team of breaching laws and using the alleged unregistered security XRP to raise funds.
Since then, both parties have fired shots at each other, with Ripple currently having the upper hand. In the following lines, we will observe what exactly happened in the last few months.
The crypto company secured a massive victory in mid-July when a US Judge ruled that most of its XRP sales did not constitute an offer of unregistered securities. This resulted in an overall excitement in the entire digital asset sector.
The partial win has also positively affected the price of Ripple’s native token, XRP, which skyrocketed shortly after the magistrates’ decision.
However, the US SEC was unhappy, to say the least, with the ruling and formally appealed
We współpracy z: https://cryptopotato.com/ripple-v-sec-lawsuit-update-sep-18/
