Suche
Mein Konto
Ripple celebrates victory: SEC drops proceedings after more than four years
Ripple and the Case Against the SEC: A Turning Point in the Cryptocurrency Industry After over four years of intense litigation, the U.S. Securities and Exchange Commission (SEC) decided to drop its case against Ripple Labs. This decision was announced by Brad Garlinghouse, CEO of Ripple, via the social network X. Garlinghouse expressed his delight, calling this moment a long-awaited turning point for the company. The dispute between Ripple and the SEC mainly revolved around the legal classification of XRP, Ripple's native token. The SEC had claimed that XRP should be considered a security and therefore...
Ripple celebrates victory: SEC drops proceedings after more than four years
Ripple and the Case Against the SEC: A Turning Point in the Cryptocurrency Industry
After more than four years of intense litigation, the U.S. Securities and Exchange Commission (SEC) decided to drop its case against Ripple Labs. This decision was announced by Brad Garlinghouse, CEO of Ripple, via the social network X. Garlinghouse expressed his delight, calling this moment a long-awaited turning point for the company.
The dispute between Ripple and the SEC mainly revolved around the legal classification of XRP, Ripple's native token. The SEC had claimed that XRP should be considered a security and therefore falls under securities offering regulations. Ripple, on the other hand, argued that XRP is a virtual currency and does not meet legal requirements for securities.
The SEC's decision to drop the case could mean that Ripple will be able to operate unhindered in the future, potentially having a positive impact on the cryptocurrency industry as a whole. Many experts see this development as a crucial step that could potentially provide legal clarity for other cryptocurrency projects.
Overall, the SEC's dismissal of the case could lead to a new chapter in the history of Ripple and cryptocurrency regulation. The industry will closely monitor how the situation develops and what impact this will have on the legal framework for digital assets.