United States: SDNY Rules Ripple's XRP Token Was – And Was Not – A Security - Cooley LLP
Monday, 31 July 2023 On July 13, 2023, US District Judge Analisa Torres of the US District Court for the Southern District of New York ruled that Ripple Labs' token, XRP, was a security when sold to institutional investors...
After the Ripple vs SEC lawsuit, the court ruling declared that XRP is not considered a security. However, the court did find that the institutional sale of XRP tokens violated federal securities laws...
Monday, 31 July 2023
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