Ripple won a court case against the Securities and Exchange Commission (SEC). The judge decided that XRP is not a security.
The case has been going on since 2020, and the judge made her decision on July 13 in New York. The SEC wanted Ripple to stop offering XRP because they thought it was a security and needed more regulation.
Image by AI
After the news came out, the price of XRP went up by more than 25%. This made the crypto community very happy.
The case had some interesting moments, like the release of the Hinman Documents and Brad Garlinghouse’s refusal to admit guilt.
Overall, Ripple’s victory has brought joy to the crypto community.
Ripple Labs aims to transform real estate with tokenization
Singapore approves Ripple’s digital asset services
Ripple lawsuit ending, but clarity fight goes on — Brad Garlinghouse