In 50 Words: Ripple Labs scores landmark victory in SEC case

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In 50 Words: Ripple Labs scores landmark victory in SEC case

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A US judge has ruled that Ripple Labs Inc did not breach federal securities law by selling its XRP token on public exchanges. This led to a 75% increase in the value of XRP. However, the judge also ruled that Ripple broke federal securities law by selling XRP to institutional investors. Ripple and Coinbase have appealed for clarification over the status of digital assets.

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