XRP Price Surges After Court Victory, Further Gains To Follow?

On July 13, Ripple triumphed significantly in the United States District Court for the Southern District of New York on the XRP case. Judge Analisa Torres ruled in favor of Ripple in a case originally initiated by the Securities and Exchange Commission (SEC) in 2020. In recently filed documents on July 13, Judge Torres issued a summary judgment, decisively supporting payment company Ripple and its claim over the SEC. The judgment affirms that XRP token sales made by the payment company, at the center of the case, are not classified as a security. The decision immediately impacted the XRP price,

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Author: coinmaker