Court Declares XRP Not a Security
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 13 2024- Court Declares XRP Not a Security: Ripple won a legal battle against the SEC, with the court ruling that XRP is not a security, setting a precedent for how digital currencies are classified and boosting XRP's market value.
- What Is Happening Between Ripple and the SEC?: The SEC accused Ripple of conducting an unregistered securities offering with XRP, but after extensive legal proceedings, the court sided with Ripple, determining that XRP should be considered a currency, not a security.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
