Ripple, SEC Claim Victories In Split Ruling On Token's Status

[Gunnar Larson]

Ripple, SEC Claim Victories In Split Ruling On Token's Status

By Aislinn Keely

In a milestone in the U.S. Securities and Exchange Commission's case
against Ripple Labs, a New York federal judge ruled Thursday that the
blockchain firm's XRP token was a security when it was sold directly to
institutional investors, but not when it was sold on public exchanges.

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https://www.law360.com/banking/articles/1699448?nl_pk=99a2a594-20ad-4b2f-a28e-cd0e62d896b6&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2023-07-14&nlsidx=0&nlaidx=3
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