On July 13, 2023, in the case of SEC v. Ripple Labs, Inc., document number 2023 WL 4507900 in the Southern District of New York, Judge Analisa Torres ruled in a summary judgment that while Ripple’s direct sales of XRP to institutional buyers were considered securities transactions, its sales on secondary trading platforms were not. […]
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U.S. SEC Asking the Court To Hit Ripple With ‘$2B in Fines and Penalties’ in XRP-Related Lawsuit, Reveals Ripple’s Chief Legal Officer
