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Under Gensler, XRP was the target of a major SEC lawsuit. Although a judge ruled in XRP's favor, the ruling will likely be appealed by the SEC. ... a blockchain-based settlement and cross-border ...
The end of the SEC lawsuit. XRP, Ripple, and the creators of XRP, Garlinghouse and Chris Larsen, have been the poster child for an SEC lawsuit that ultimately seeks greater regulatory jurisdiction ...
XRP investors will be looking forward to a new administration that would swap Gensler out for someone less focused on regulating crypto by the SEC. XRP would also benefit if this lawsuit ends and ...
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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.
The federal agency said it would appeal the decision a little more than one week ago.
The XRP Ledger operates on a consensus protocol that differs from traditional proof-of-work (PoW) and proof-of-stake (PoS) mechanisms. [7] [3] Transactions are validated by a network of independent validators who reach consensus every 3 to 5 seconds, enabling rapid transaction settlement. [7]
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 ...