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Top related persons:
XRP - 2 Analisa Torres - 1 XRP isn't - 1 Brad Garlinghouse - 1 Stuart Alderoty - 1 Alderoty - 1 Gary Gensler - 1 Garlinghouse - 1
Top related locs:
Paris France Delaware U.S
Top related orgs:
SEC - 2 Securities and Exchange Commission - 1 U.S - 1 District - 1 Bitwise Asset Management - 1 U.S . Securities - 1 Exchange Commission - 1 CNBC - 1

Search resuls for: "XRP isn't"


2 mentions found


☆ XRP slides 9% after SEC appeals decision in landmark Ripple case
  + stars: | 2024-10-03 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +2 min
XRP was last lower by more than 9% at 52 cents a coin, according to Coin Metrics. Ripple, the largest holder of XRP coins, scored a partial victory last summer after a three-year battle with the SEC. U.S. District Judge Analisa Torres handed down the decision, which was hailed as a landmark win for the crypto industry. Still, while XRP isn't considered a security when sold to retail investors on exchanges, it is considered an unregistered security offering if sold to institutional investors. XRP, which was created by the founders of Ripple, is the native token of the open source XRP Ledger, which Ripple uses in its cross-border payments business.
Persons: XRP, Analisa Torres, XRP isn't, Brad Garlinghouse, Stuart Alderoty, Alderoty, Gary Gensler, Garlinghouse Organizations: Securities and Exchange Commission, SEC, U.S, District, Bitwise Asset Management Locations: Paris, France, Delaware
☆ 'I think we will win': Coinbase buoyed in case against SEC after landmark Ripple XRP decision
  + stars: | 2023-07-14 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +2 min
On Thursday, a U.S. judge ruled that XRP token purchases via exchanges were not securities transactions. The SEC sued Ripple, the company behind the XRP token, in 2020, alleging that the company broke securities laws. But the latest XRP court opinion has given confidence to Coinbase in its case against the SEC. We think this decision has only further strengthened the case," he added. But if you literally replaced the letters XRP with the letters for any other token, in this decision, the logic still holds," Grewal said.
Persons: Ripple, Paul Grewal, XRP, That's, Grewal Organizations: U.S . Securities, Exchange Commission, CNBC, SEC Locations: U.S
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