did ripple win the lawsuit , Ripple, the company behind the XRP cryptocurrency, has won a lawsuit filed against it by the Securities and Exchange Commission (SEC). The SEC had accused Ripple of selling unregistered securities in the form of XRP, and sought to impose a fine of over $1 billion. However, the court found that Ripple did not violate any securities laws, and dismissed the case. This is a major victory for Ripple, as it clears the company of any wrongdoing and allows it to continue operating without fear of penalties from the SEC.
did ripple win the lawsuit
Ripple won the lawsuit against the SEC Ripple, the company behind the XRP cryptocurrency, has won a lawsuit against the US Securities and Exchange Commission (SEC). The case was over whether or not XRP is a security. The SEC had sued Ripple in December 2020, alleging that the company had sold $1.3 billion worth of unregistered securities. Ripple denied the charges, saying that XRP is a currency, not a security. A federal judge has now ruled in Ripple's favor, saying that the SEC “failed to state a claim” against Ripple. The judge also said that the SEC did not prove that XRP is a security. This is a big win for Ripple, as it could have faced heavy fines if it had lost the case. The ruling could also have implications for other cryptocurrencies, as it could mean that they are not subject to US securities laws
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