In the fast-paced world of cryptocurrency, shrewd investments are the gateway to true wealth. On that note, XRP and Bitcoin Spark (BTCS) are leading the pack in financial opportunities in the crypto market.
XRP Lawsuit
The XRP lawsuit began in December 2020, when the United States Securities and Exchange Commission (SEC) accused Ripple and two of its executives of violating securities regulations in the initial and subsequent XRP token sales. Almost three years later, on July 13, 2023, District Judge Analisa Torres delivered a landmark ruling, stating that the retail sales of XRP did not fit the legal definition of security. Nonetheless, the court did find Ripple guilty of breaching securities laws when it sold XRP tokens directly to institutional investors.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.