Cryptocurrency Q&A Did ripple sell XRP tokens to institutional investors?

Did ripple sell XRP tokens to institutional investors?

SsangyongSpirited SsangyongSpirited Thu Nov 21 2024 | 7 answers 1424
I heard Ripple sold some of its XRP tokens to institutional investors. Is that true? I'm curious about this because it could affect the value of XRP in the market. Did ripple sell XRP tokens to institutional investors?

7 answers

CryptoBaron CryptoBaron Fri Nov 22 2024
In response to the SEC's accusations, a judge issued a ruling on the matter.

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SejongWisdomKeeperElite SejongWisdomKeeperElite Fri Nov 22 2024
According to the judge, programmatic sales of XRP tokens do not constitute securities.

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KimonoGlory KimonoGlory Fri Nov 22 2024
The United States Securities and Exchange Commission (SEC) has leveled accusations against Ripple and its executives.

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Eleonora Eleonora Fri Nov 22 2024
However, the judge did find that sales of XRP tokens to institutional investors are investment contracts.

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Martino Martino Fri Nov 22 2024
The core charge is that Ripple raised over $1.3 billion through an unregistered asset offering of the XRP token.

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