đŁXRP vs SEC â The Final
The SEC sought to classify $XRP as a security and impose a $2 billion fine on Ripple. However, the court sided with the company, ruling that the token sales on exchanges were legal. The fine was reduced by 94%, amounting to $125 million, applicable only to institutional sales.
The court declared that XRP is not a security. The case against Ripple has been closed in favor of the company, leading to a 30% surge in the token's value.
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