In July 2023, Judge Torres ruled that institutional sales violated securities laws but that exchange-based retail sales did not, triggering a ray of optimism in the crypto industry.
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Judge Rejects SEC and Ripple's Bid to Rework XRP Settlement
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U.S. District Court in its July, 2023 ruling determined that XRP is not a security when sold on public exchanges, but found that Ripple's direct institutional sales of XRP violated federal securities laws
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U.S. District in its 2023 ruling determined that XRP is not a security when sold on public exchanges, but found that Ripple's direct institutional sales of XRP violated federal securities laws
Crypto news
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