SEC Drops Ripple Appeal, Paving the Way for Potential XRP ETF Approval in 2025
The U.S. Securities and Exchange Commission (SEC) has decided to drop its appeal in the Ripple case, marking a significant moment for the crypto industry.
The U.S. Securities and Exchange Commission (SEC) has decided to drop its appeal in the Ripple case, marking a significant moment for the crypto industry. After years of legal battles, the SEC’s decision not to appeal the 2023 ruling by U.S. District Judge Analisa Torres brings clarity to the issue of whether XRP, the cryptocurrency issued by Ripple, is a security. The ruling stated that Ripple’s “programmatic sales” of XRP via secondary exchanges like Coinbase and Kraken did not violate securities laws. However, direct sales of XRP to institutional investors were deemed securities…
