Important Milestone for the Crypto Market: Ripple’s Legal Battle

Bernstein, an asset management company with approximately $600 billion in assets under management, shed light on the rise in the cryptocurrency market in a research note published on July 13. The company shared the reasons behind the surge in Bitcoin and altcoins. “An Important Milestone for the Crypto Market” In its latest research report, the major asset management company Bernstein stated that the decision of a US regional court regarding Ripple, which ruled that selling XRP through a cryptocurrency exchange or programmed sales does not violate securities laws and will not result in the classification of XRP as a security, is an important milestone for the cryptocurrency market. While reminding that the court had previously ruled that Ripple’s sales of XRP to institutional companies violated securities laws, Bernstein analysts added that the overall decision was still significant as it lifted the securities burden on investors who purchase through cryptocurrency exchanges. […] The post Important Milestone for the Crypto Market: Ripple’s Legal Battle appeared first on COINTURK NEWS.