BREAKING: Judge Rules XRP is Not a Security!

A summary judgment regarding the Ripple and SEC case has been released, with the presiding judge stating that XRP does not fall under the definition of a security.

Judge’s Decision Boosts Hopes

ripple-xrp

Today, a summary judgment regarding the Ripple and SEC case has been released. The presiding judge in the Ripple case stated that XRP does not fall under the definition of a security. According to the judge, the sale of XRP by Ripple does not constitute an offer of an investment contract.

The closely followed case by both investors and cryptocurrency enthusiasts has resulted in a victory for Ripple. The judge’s decision stated that XRP does not meet the criteria for being considered a security. This decision also encompassed Ripple’s institutional XRP sales, which are similarly not considered securities.

While this decision provides significant relief for Ripple and XRP enthusiasts, there is still much to be done. The court will soon issue a separate announcement detailing the date of the next hearing and the schedules for related pretrial matters.

Judge Torres, providing additional context to the decision, stated that Ripple’s Programmatic Sales and other distribution channels, as well as the XRP sales conducted by Larsen and Garlinghouse, do not constitute investment contracts. Essentially, this comment excludes these transactions from being classified as securities.

In response to the decision, Ripple’s CEO Brad Garlinghouse made a statement, saying:

“In December 2020, we stated that we were on the right side of the law and history, and today’s decision reaffirms that. Thank you to all who have supported us in obtaining today’s decision, which applies to all crypto innovations in the United States.”

BREAKING NEWS

Whale gud.hl Deposits 4.48M USDC into Hyper Liquid and Opens 12x Bitcoin Long, TRUMP 3x Long in About $207K Unrealized Loss

According to Onchain Lens data, the whale gud.hl relocated...

A16z Crypto Seeks Treasury Clarification on LUSD and Decentralized Stablecoins Under the GENIUS Act

A16z Crypto has formally petitioned U.S. Treasury officials to...

Bitcoin Consolidates Between $102K-$108K as AI Bubble Fears Spark Liquidity Rotation Into Crypto

Market observers note that influential critics of market euphoria...

Binance Delists C/BNB and NIL/BNB Trading Pairs (DOGE/TUSD, C/FDUSD) on Nov 14, 2025 at 11:00 UTC+8

COINOTAG News, citing an official notice, confirms that Binance...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img