Cryptocurrency Q&A
Did XRP win the lawsuit?
Did XRP win the lawsuit?
Federica
Wed Mar 27 2024
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7 answers
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I've been following the news about the lawsuit between Ripple and the Securities and Exchange Commission closely. It seems like the case has been going on for quite some time now. Do you have any updates on the latest developments? Did XRP win the lawsuit, or is the case still ongoing? I'm really curious to know how this will affect the future of XRP and the cryptocurrency industry overall. Any thoughts or predictions on what might happen next?
7 answers
alexander_watson_astronaut
Fri Mar 29 2024
On July 13th, Reuters reported that Ripple Labs Inc. had not committed a violation of federal securities law through the sale of its XRP token on public exchanges.
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CryptoLegend
Fri Mar 29 2024
The report stated that Ripple Labs had not engaged in any activities that were in breach of the securities regulations that govern the offering and sale of financial assets in the United States.
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BlockchainBrawler
Fri Mar 29 2024
This finding was significant, as it provided clarity to the cryptocurrency industry, which has often struggled with regulatory uncertainty.
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Raffaele
Fri Mar 29 2024
Ripple Labs has always maintained that XRP is not a security and should not be subject to the same regulatory framework as traditional financial assets.
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HallyuHeroLegendaryStarShine
Thu Mar 28 2024
The company has argued that XRP is a utility token that powers its payment network, RippleNet, and is not designed to generate profits for investors.
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