Is the conflict between Ripple and the SEC over?
The conflict between Ripple and the United States Securities and Exchange Commission (SEC) has garnered significant attention in the cryptocurrency world. Here’s what is known so far:
In July 2023, U.S. District Judge Analisa Torres ruled that the sale of the XRP token on public exchanges does not violate federal securities laws. This was seen as a partial victory for Ripple.
However, the court also ruled that institutional sales of XRP by Ripple did constitute unregistered securities transactions. Thus, part of the SEC's allegations was upheld.
Outcome: The legal battle is over, but the results were mixed for both sides. Ripple was able to defend the use of XRP as a token on public markets, but institutional sales remain in question.
If you are interested in investing in XRP, it is important to keep up with further news and developments.