The article discusses a recent lawsuit filed by the SEC against Ripple Labs, alleging that Ripple conducted an unregistered securities offering through the sale of XRP. The court determined that the random sale of XRP to regular investors does not constitute the sale of an unregistered security. However, sales to institutional investors were found to fall under securities laws. The court’s reasoning has been criticized as weak and misapplied by legal experts. While the ruling is a win for Ripple, an appeal by the SEC could prolong the legal battle and create uncertainty in the crypto market. The price of XRP has surged after the ruling.
AI Sentiment: Negative
