Since the moment blockchain company Ripple secured a favorable ruling in the legal standoff against the United States Securities and Exchange Commission (SEC), which threatens the regulator’s push in the cryptocurrency industry, reactions have been pouring in, including from the SEC itself.
In short, judge Analisa Torres concluded on July 13 that XRP was not a security, that its sales on cryptocurrency exchanges or by executives do not constitute securities sales, and that other XRP distributions, including to charities, developers, or employees, likewise do not belong in the securities classification.
A huge win today – as a matter of law – XRP is not a security. Also a matter of law – sales on exchanges are not securities. Sales by executives are not securities. Other XRP distributions – to developers, to charities, to employees are not securities.
— Stuart Alderoty (@s_alderoty) July 13, 2023
Concerns around ruling
On the other hand, the court did find that past direct
We współpracy z: https://finbold.com/ripple-v-sec-case-the-final-update/
