Ripple CEO Brad Garlinghouse recently shared his perspective on the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), predicting a drawn-out appeal process. His insights were shared during a discussion with Bloomberg on July 15, 2023.
On July 13, a court ruling partially sided with Ripple Labs in a lawsuit brought by the SEC in 2020. The court’s decision established that Ripple’s XRP token does not constitute a security in relation to retail sales on digital asset exchanges. However, the ruling also clarified that XRP does meet the definition of a security when sold to institutional investors, as per the …
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