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Which regulatory body will be the next to issue a ruling on the security status of a cryptocurrency by December 31, 2024?

Ripple•SEC•Torres

Resolution / Starting Odds

SEC (U.S.) • 25%

ESMA (Europe) • 25%

FCA (U.K.) • 25%

Other • 25%

Official announcements from regulatory bodies

Story

Ripple Wins Major Legal Victory as XRP Declared Not a Security on July 13th

Jul 13, 2024, 04:54 AM

Ripple has achieved a significant legal victory in its lawsuit against the U.S. Securities and Exchange Commission (SEC), with the court ruling that XRP, Ripple's cryptocurrency, is not a security. This landmark ruling, delivered by Judge Torres on July 13th, sets a positive legal precedent for the entire cryptocurrency industry. The decision marks the one-year anniversary of the initial summary judgment, which was celebrated by Ripple's Chief Legal Officer as a 'huge win'. Following the ruling, XRP's price surged nearly 100% in a single day.

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