XRP and Ripple Case

[mayalily]

A lot of people don’t know about the SEC vs. Ripple case. It was a court case in the United States Southern District Court of New York. In 2020, the U.S. Securities and Exchange Commission (SEC) alleged that Ripple, the blockchain developer and creator of the XRP cryptocurrency token, raised more than $1.3 billion in 2013 by selling XRP in an unregistered security offering to investors. Ripple, relying on the previous comments of an SEC director to support its case, argued that XRP should not be treated as a security.

On July 13, 2023, the court found that XRP (and thus cryptocurrency) was not a security when sold to the public on an exchange but when sold to institutional investors.

 

[gamaisnh875]

The court's decision that XRP is not a security when sold to the public on an exchange is a significant milestone for the cryptocurrency market. This helps eliminate some uncertainty regarding the legal status of XRP and may propel this coin into a period of substantial growth

 

[hoangutat02]

This court decision could lead to short-term fluctuations in the XRP market and the overall cryptocurrency market. Investors should carefully consider their options before entering this market and always comply with applicable financial regulations.

 

[gaingt8anwh]

This news might instill confidence among individual investors when trading XRP. However, they should also understand that the cryptocurrency market remains volatile and risky, so caution and knowledge about the project are still vital

 

[danzakururoooo]

This court ruling could set a crucial precedent for other cryptocurrency projects, helping them better understand SEC compliance. However, it's important for cryptocurrency projects to remain vigilant about adhering to regulations when approaching traditional financial markets and dealing with institutional investors

 

[BashirJasper]

This court ruling could set a crucial precedent for other cryptocurrency projects, helping them better understand SEC compliance. However, it's important for cryptocurrency projects to remain vigilant about adhering to regulations when approaching traditional financial markets and dealing with institutional investors

The last might not be heard of this SEC vs Crypto saga as Gary has still indicated his strong anti-crypto position with his latest message sent to the US government. Though what is certain is that if they continue losing grounds on the various suits filed, that may force them to shift ground.
Anyways, since crypto is about the community, the onus is on us to contribute our quota towards increased crypto adoption.
On Ripples part, they just got a license to operate in crypto-friendly Nevada recently and I just imagine what could that mean to the crypto ecosystem!!

 

[ImamShaheb]

The court's decision that XRP is not a security when sold to the public on an exchange is a significant milestone for the cryptocurrency market. This helps eliminate some uncertainty regarding the legal status of XRP and may propel this coin into a period of substantial growth

True! But ripple haven't won the case yet, tho we've seen temporary price surge at that time~

 

[ImamShaheb]

This news might instill confidence among individual investors when trading XRP. However, they should also understand that the cryptocurrency market remains volatile and risky, so caution and knowledge about the project are still vital

Well said ya, intact that's the golden rule at Crypto space! Without having proper knowledge about crypto, no one should jump in it! That's why, top players like Bitget/Nance are continuously trying hard to enhance crypto education for free on their various PR handles!

 

[BashirJasper]

Breaking: Court rejects SEC appeal against XRP judgement. This means XRP is not a security and Ripples can continue with their planned expansion resulting in more better price action with analyst predicting $5 by year end and $50 during the bull of 2024