US Court Declares Ripple XRP Sales on Crypto Exchanges Not Securities

  • New York District Court rules Ripple Lab’s XRP sales on crypto exchanges aren’t offering securities.
  • The court partially adopts SEC’s view that Ripple’s crypto sales to institutional investors do constitute illegal security offering.
  • The ruling follows a SEC lawsuit accusing Ripple Labs and its executives of selling XRP worldwide without registering as an investment contract.
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