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In the lawsuit, the SEC claimed that XRP was a security instead of a commodity, because it was generated and distributed by Ripple Labs in a centralized fashion and was not being adopted by financial institutions for its advertised use cases.
The SEC brought the suit in 2020, accusing Ripple of illegally raising money by selling XRP without registering it as a security. The XRP price surge also comes as investors bet on the future of ...
The SEC alleged XRP is essentially a security and the company illegally raised funds with it. Although a judge has ruled largely in Ripple's favor, the case is still in limbo as appeals are filed.
After U.S. District Judge Analisa Torres ruled in a separate court case involving the crypto company Ripple—finding that its crypto token XRP itself was not a security, and that its sale only ...
The open-source project was originally called "Ripple", the unique consensus ledger was called the Ripple Consensus Ledger, the transaction protocol was called the Ripple Transaction Protocol or RTXP and the digital asset (known as "ripples") using XRP as the three-letter currency code to follow the naming convention of BTC for Bitcoin.
Ripple, its founders, and XRP have been caught in the middle of this argument. In 2020, the SEC sued the parties for allegedly selling XRP as an unregistered security in 2013. A judge ruled in ...
Former CFTC chairman Christopher Giancarlo says in a new legal paper that the cryptocurrency XRP doesn't qualify as a security. But his argument comes with a grain of salt.
Brad Garlinghouse, the billionaire CEO at Ripple Labs, the company that oversees the development of XRP, the $18 billion blockchain network, has said for the first time in public that Coinbase ...
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