Judge rules XRP is not a security in SECs case against Ripple
Tech Aturan hakim XRP bukanlah keamanan dalam kasus SEC melawan Ripple 2 menit yang lalu Berita Bitcoin Ethereum Ripple Labs scored a victory in the United States District Court in the Southern District of New York on July 13 as Judge Analisa Torres ruled partially in favor of the company in a case brought forth by the Securities and Exchange Commission dating back to 2020. According to documents filed on July 13, Judge Torres has granted summary judgment in favor of Ripple Labs, ruling that the XRP (XRP) token is not a security, but only in regards to programmatic sales on digital asset exchanges. However, the SEC also managed to notch a victory of its own, as the federal judge has ruled that XRP is a security when sold to institutional investors, as it met the conditions set in the Howey Test. The SEC lawsuit sought to compel Ripple to stop offering its XRP token under the premise that XRP was a security and, thus, required additional regulation. Per court documents viewed by Cointelegraph: “Defendants‘ motion for summary judgment is GRANTED as to the Programmatic Sales, the Other Distributions, and Larsen’s and Garlinghouses sales, and DENIED as to the Institutional Sales.” Within a matter of minutes after the news broke,