🚨 Legal Clash: Ripple vs SEC 🤔

$XRP Vs SEC: Judge Torres weighs in on ruling, Alderoty weighs in on regulations⚔️👀

• Judge Torres Ruling: Judge Analisa Torres ruled that XRP tokens are not securities when sold on public exchanges but are securities when sold to institutional investors.

• Ripple's victory: This ruling is considered a victory for Ripple, as it affirms that XRP is not a security in most cases and sets a precedent for the broader cryptocurrency market.

• Alderoty's Comments: Stuart Alderoty, Ripple's Chief Legal Officer, commented on the ruling, saying that it paves the way for other cases admitting overreach and deviation from legal principles of the SEC.

• Regulatory clarity: This ruling provides much-needed regulatory clarity to the cryptocurrency market and influences how other cryptocurrencies may be viewed and regulated in the future .

• XRP price surge: Following the verdict, the market value of XRP increased by nearly 6%, closing at $0.4745 on July 12, 2023 and outperforming the overall cryptocurrency market .