Daily digest market movers: Ripple lauds past laurels, XRP traders await SEC lawsuit ruling
- In its Q2 report, Ripple celebrates its “landmark win” against the Securities & Exchange Commission (SEC) in Judge Analisa Torres’ 2023 ruling.
- Judge Torres had provided legal clarity on the status of XRP, stating that the altcoin is “not a security” in secondary-market transactions, meaning on exchange platforms.
- XRP is treated as a security in the institutional sales made by Ripple, and the firm is awaiting the judge’s final decision on this issue.
- Ripple expressed its confidence that the Judge will take a “fair approach” and that the legal clarity on XRP is here to stay
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