UPDATED: Ripple's XRP token surges over 80% as court issues mixed ruling over security status via RT_Watson
from the Securities and Exchange Commission was granted in part, and denied in part. A motion from Ripple was also granted in part, and denied in part.Trading exceeded $7 billion, also according to CoinGecko.
The ruling went on to say that having"considered the economic reality and totality of circumstances, the Court concludes that Ripple’s Programmatic Sales of XRP did not constitute the offer and sale of investment contracts."© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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