Ripple’s president has made an important announcement regarding the ongoing case between Ripple and the SEC. The case revolves around whether Ripple’s XRP sales constitute an offer of unregistered securities. The court ruled in favor of Ripple, stating that certain sales of XRP did not violate securities laws. This ruling was seen as a win for Ripple and led to a significant increase in the price of XRP. Ripple plans to continue fighting the case and sees the ruling as an opportunity to expand its business globally.
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