SEC vs. Ripple! Here is the History of the Decision!

SEC Lawsuit! On Thursday, July 13th, Judge Analisa Torres made a significant turn in the long-running Ripple case involving the US SEC. In her ruling, the judge noted that XRP, the project’s native token, is “not a security.” This development sparked excitement in the cryptocurrency community. XRP, which had been in a state of consolidation for weeks, immediately began a continuous rally. Despite the progress recorded on the matter, Ripple may still need to pay attention to the regulator’s next steps. But before that, let’s take a quick look at what led to the Ripple case in the first place. Ripple’s troubles began in 2020 when the SEC alleged that the blockchain company had sold XRP as an unregistered security for $1.4 billion. As Ripple fought to address the allegations, the SEC claimed that the company violated securities laws. According to the recent ruling, Judge Torres partially sided with the […] The post SEC vs. Ripple! Here is the History of the Decision! appeared first on COINTURK NEWS.