In a landmark decision, Ripple Labs has secured a significant victory in its ongoing legal battle with the U.S.
Securities and Exchange Commission (SEC).
A federal judge ruled that Ripple’s XRP token is not a security, dismissing the SEC’s claims that the company had conducted an unregistered securities offering.
This ruling has major implications for the broader cryptocurrency industry, as it provides clarity on the regulatory status of similar digital assets.
Following the news, XRP’s price surged by over 40%, with investors and industry leaders hailing the decision as a win for innovation and regulatory clarity.
Ripple has announced plans to expand its operations and continue its focus on cross-border payment solutions using blockchain technology.
