In a significant legal win for the crypto sector, Ripple Labs’ sale of its XRP token on open markets was found to have not breached federal securities legislation. The ruling was made by Judge Analisa Torres, and it represented the first win for a cryptobusiness in a legal battle instituted by the U.S. Securities and Exchange Commission (SEC).
Despite being unique to this case, the ruling is anticipated to benefit other cryptocurrency companies engaged in similar legal disputes with the SEC over…
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