Following the landmark court ruling in Securities & Exchange Commission (SEC) case, Ripple has cleared up some widespread misconceptions regarding the ruling. The company provided a detailed Q2 2023 XRP markets report today, where it underscored the verdict’s implications and presented key statistics about its XRP holdings.
On July 13, 2023, a significant milestone was achieved in the crypto industry as the court declared that XRP is not a security. Ripple stressed that the SEC’s previous efforts at “regulation by enforcement” have been shown to be “a strategy of intimidation and misinformation in furtherance of its own quest for political power.”
Ripple Clears The Misconceptions
1. The decision is not a split one
Contrary to some interpretations, Ripple emphasized that the ruling was a “resounding win.” The court validated the companies’ longstanding assertion that “XRP is not a security and the Court…
