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XRP has struggled after the Securities and Exchange Commission appealed a U.S. District Court ruling in favor of XRP in a prior lawsuit.
The SEC lawsuit has been an overhang on XRP's price until recently. It looks more likely the case will soon end once and for all. All cryptocurrencies face a more favorable regulatory backdrop ...
The federal agency said it would appeal the decision a little more than one week ... Judge grants SEC leave to appeal Ripple litigation after landmark ruling many saw as huge win for crypto and XRP.
After such a phenomenal run in roughly two months, it's clear the market is pricing in some of these events such as the SEC lawsuit being put to bed and a high probability of an XRP ETF in 2025.
The defendants agreed to turn over all data involving XRP transactions. [30] In July 2023, the district court ruled on the SEC lawsuit, finding that the XRP token sold by Ripple Labs was not a security. However, if sold in institutional sales, or used as a fundraiser, such actions could be classified as a security in those circumstances.
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XRP was up 75% by late afternoon on Thursday, according to Refinitiv Eikon data. ... The ruling by U.S. District Judge Analisa Torres was the first win for a cryptocurrency company in a case ...
In its December 2020 lawsuit, the SEC accused Ripple of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP. The SEC has long claimed that many digital ...