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Ripple Labs is a blockchain developer and the creator of the XRP token. The SEC accused Ripple of selling XRP in an unregistered security offering. The outcome ...
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According to the complaint, Ripple raised funds by selling XRP tokens in unregistered security offerings to investors in the United States and worldwide.
Jul 27, 2023 · The decision · 1. Ripple's 'Institutional Sales' of XRP constituted unregistered offer and sale of investment contracts in violation of ...
Jul 28, 2023 · When looking at XRP, Judge Torres was unequivocal in holding that XRP, the digital asset by itself, is not “a 'contract, transaction, or scheme' ...
Jul 15, 2023 · A Thursday court ruling in Ripple's case with the SEC indicated that the digital asset XRP is not a security. The crypto industry has responded ...
Jul 20, 2023 · The SEC argued in its district court case against Ripple that XRP constitutes a security and that this gave the SEC purview over its issuance.
Jul 20, 2023 · The crux of the lawsuit involves whether Ripple's token – XRP – is itself a security under the federal securities laws or if the underlying ...
Mar 26, 2024 · Crypto exchange Ripple should pay more than $2 billion in penalties for selling its token, XRP, to institutional investors, the Securities and ...
Mar 20, 2024 · Despite a judge ruling last July that XRP sales on public exchanges were not securities, the SEC remains adamant they are. However, the ruling ...
Jul 14, 2023 · Ripple Labs, Inc.: XRP Considered an Unregistered Security in Institutional Sales but Not in Programmatic Sales or Other Distributions. 07.14.23.