A court ruling that cleared Ripple’s XRP token of being considered a security offering might signal a turn in the tide against regulatory scrutiny of the cryptocurrency ecosystem in the United States and current lawsuits involving the likes of Coinbase and Binance.US, as well as pending exchange-traded fund (ETF) applications.
Speaking exclusively to Cointelegraph during the company’s annual Apex developer conference being hosted in Amsterdam, Ripple chief technology officer David Schwartz weighed in on the potential precedent set by a federal judge ruling that XRP XRP $0.50 was not a security when sold programmatically on cryptocurrency exchanges.
Ripple has been entwined in a protracted legal battle with the U.S. Securities and Exchange Commission (SEC) since 2020, but its recent partial victory may have positive implications for a number of crypto-related lawsuits instituted by the SEC...
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