BREAKING: Judge Rules in Favor of Ripple Labs; XRP Not a Security!

Bitcoin Ethereum News

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Ripple Labs scores another victory after the submission of the Hinman documents.
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The case was predicated on the SEC’s claim that XRP is a security.
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XRP was trading at around $0.6 at the time of publishing.

Judge Analisa Torres of the United States District Court in the Southern District of New York gave a summary judgment in favor of Ripple Labs, according to which XRP is not a security.

Ripple Labs was embroiled in the case filed by the US Securities and Exchange Commission (SEC) back in 2020.

XRP price shot up by over 24% soon after …

Source: https://www.thecoinrepublic.com/2023/07/13/breaking-judge-rules-in-favor-of-ripple-labs-xrp-not-a-security/