Breaking: Ripple wins case against SEC as judge rules XRP is not a security!
BREAKING- XRP NOT a Security! #xrp #crypto #imf #viral #digital #green #shorts #xrpnewstoday
Ripple Labs scored a victory in the United States District Court in the Southern District of New York on July 13 as Judge Analisa Torres ruled in favor of the company in a case brought forth by the Securities and Exchange Commission dating back to 2020.
According to documents filed on July 13, Judge Torres has granted summary judgement in favor of Ripple Labs allowing that the XRP (XRP) token is not a security.
The SEC lawsuit sought to compel Ripple to stop offering its XRP token under the premise that XRP was a security and, thus, required additional regulation.
The case against Ripple has been ongoing since December 2020 when the SEC sued Ripple and its two chief executives, Brad Garlinghouse and Chris Larsen, over allegations the company was offering an unregistered security.
Along with the palpable movement demonstrated by the XRP token pumping on the news, the overall sentiment across the crypto community appears to be one of jubilation.

XRP XLM XDC #cryptocurrency #xrp #crypto #imf #viral #digital #green #viral

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