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The case is one of the most closely watched legal battles in crypto. SEC drops charges against Ripple executives Brad Garlinghouse and Chris Larsen in ongoing XRP litigation Skip to main content
On July 13, 2023, Judge Analisa Torres of the United States District Court for the Southern District of New York issued a decision on motions for summary judgment and stated the XRP token itself is not a security, although the manner in which it is sold could constitute the sale of a security. "XRP, as a digital token, is not in and of itself a ...
XRP remains stuck in a rut as investors look out for the latest court ruling in the ongoing SEC v Ripple case, which hangs in the balance.
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.
Following a 10% gain from last week, XRP made further ground this morning. It will all hinge on the Hinman speech-related documents court ruling, however.
To me, a position in XRP should be for investors who can tolerate higher-than-usual risk and volatility, and are OK with the very speculative idea that Ripple's technology will one day be widely ...
This is a list of cases before the United States Supreme Court that the Court has agreed to hear and has not yet decided. [1] [2] [3] Future argument dates are in parentheses; arguments in these cases have been scheduled, but have not, and potentially may not, take place.
XRP has struggled after the Securities and Exchange Commission appealed a U.S. District Court ruling in favor of XRP in a prior lawsuit.