A U.S. District Judge ruled Thursday (July 13) that cryptocurrencies sold to institutional investors by Ripple are securities under federal regulations. “Institutional buyers would have understood that Ripple was pitching a speculative value proposition for XRP with potential profits to be derived from Ripple’s entrepreneurial and managerial...
July 17, 2023
Securities and Exchange Commission (SEC) Chair Gary Gensler reportedly said the agency is “disappointed” in last week’s court ruling in its case against Ripple Labs. The ruling gave the cryptocurrency industry a boost by finding that Ripple Labs did not violate federal securities laws in selling XRP tokens on public exchanges, Reuters reported Monday (July 17). […]
July 13, 2023
A U.S. District Judge ruled Thursday (July 13) that cryptocurrencies sold to institutional investors by Ripple are securities under federal regulations. “Institutional buyers would have understood that Ripple was pitching a speculative...
