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In 2020, the U.S. Securities and Exchange Commission (SEC) sued a company called Ripple, alleging it was in breach of the law for the way it issued its XRP (CRYPTO: XRP) cryptocurrency. XRP has a ...
The token has added over $120 billion to its market cap since the Nov. 5 election. ... Ripple’s XRP soars over 40% as regulatory headwinds let up ... Those lawsuits include a long-running SEC ...
The cryptocurrency has surged 500% over the past year, ... Ripple's chief legal officer expressed optimism following the initial lawsuit ruling that U.S. banks might adopt XRP as the lawsuit ...
The regulatory clouds over XRP have lifted. ... For several years now, Ripple has been bogged down in an epic lawsuit with the SEC over whether it is a cryptocurrency or a security. With the Trump ...
XRP would also benefit if this lawsuit ends and if it is no longer the poster child for the SEC's efforts to have more regulatory authority over cryptocurrencies.
The defendants agreed to turn over all data involving XRP transactions. [33] 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 SEC vs. Ripple Labs lawsuit took a somewhat unexpected turn, breathing new life in the case just before an important deadline.
The decision is the latest chapter in the prolonged legal battle between the SEC and Ripple, a major crypto firm, over the issuance of its cryptocurrency XRP.