Ripple Wins Lawsuit Against SEC!!! XRP Price Prediction, Analysis, Update | XRP Moons

On July 13, Ripple Labs achieved a significant victory in the United States District Court in the Southern District of New York. Judge Analisa Torres ruled in favor of the company in a case brought forth by the Securities and Exchange Commission (SEC) dating back to 2020.

According to court documents filed on July 13, Judge Torres granted summary judgment in favor of Ripple Labs, determining that the XRP token is not a security. The SEC's lawsuit aimed to compel Ripple to cease offering its XRP token, arguing that it qualified as a security and required additional regulation.

The court documents state, "Defendants' motion for summary judgment is GRANTED as to the Programmatic Sales, the Other Distributions, and Larsen's and Garlinghouse's sales, and DENIED as to the Institutional Sales."

Following the news, the price of XRP experienced a rapid surge from $0.45 to $0.61 within minutes, representing a price increase of over 25% at the time of this article's publishing.

The legal battle between Ripple and the SEC began in December 2020 when the SEC filed a lawsuit against Ripple, Brad Garlinghouse (CEO of Ripple), and Chris Larsen (co-founder of Ripple) alleging that the company was offering an unregistered security.

Throughout the past three years, the case has been marked by dramatic events, including the disclosure of the "Hinman Documents" and Garlinghouse's persistent defiance in response to the SEC's accusations.

The crypto community has responded with jubilation to the court's ruling, evident in the enthusiastic movement of the XRP token's price.

#XRP #Ripple #XRPArmy #SEC #Bitcoin #Crypto #Altseason

Timestamps:

0:00 Ripple Wins SEC Lawsuit
3:35 Ripple XRP Price Analysis And Prediction
8:27 Bitcoin Price Analysis And Prediction
12:04 Total 3 Market Cap, When Alt Season

Sources:

Breaking: Ripple wins case against SEC as judge rules XRP is not a security
https://cointelegraph.com/news/ripple-wins-case-against-sec-as-judge-rules-xrp-is-not-a-security

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