$XRP What's Sending The Prices Up
Many rumours are going around that the final verdict of the lawsuit between Ripple vs SEC is out and Ripple has won.
But the reality isn't even that much far away.
Ripple’s Stuart Alderoty recalls XRP ruling on first anniversary: ‘It was a watershed moment’
🗓️ Today marks one year since Judge Analisa Torres’ pivotal ruling that XRP is not a security. The decision reshaped the landscape for Ripple and the broader cryptocurrency sector.
Reflecting on this landmark anniversary, Ripple’s chief legal officer Stuart Alderoty shared his insights on the ruling’s impact and broader implications for the industry: “It was a watershed moment to find as a matter of law, a token – in this case, XRP – in and of itself, is not a security,” Alderoty wrote on X.
⚖️ Ripple has been embroiled in a legal battle with the SEC for nearly four years. On Dec. 20, 2022, the regulator accused the crypto company of conducting an unregistered securities offering through the sale of XRP.
And despite Ripple’s partial victory in 2023 declaring XRP is not a security, the legal battle is far from over. The court is currently in what is known as a “remedies phase” in the case. It is here that it will determine potential penalties or injunctions against the crypto payments company.
Nonetheless, the anniversary of the ruling could act as a catalyst for several developments. Renewed investor interest, increased pressure for a settlement, and new clues from the court could drive the case toward a resolution.
📈The price has shot up in the past few days with a huge pump today, now speculations are there that this pump couldn't sustain for long. So, please be cautious before taking any trade because *This is not investment advice.
