Judge Says Ripple Sales Of XRP Do Not Constitute Offer Of Investment Contracts
Portfolio Pulse from Happy Mohamed
A judge has ruled that Ripple's sales of XRP do not constitute an offer of investment contracts. This ruling could potentially impact the ongoing lawsuit between Ripple and the SEC, which claims that XRP is a security and should have been registered as such.
July 13, 2023 | 3:31 pm
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The judge's ruling that Ripple's XRP sales do not constitute an offer of investment contracts could potentially impact the price of XRP in the short term.
The judge's ruling could potentially impact the ongoing lawsuit between Ripple and the SEC. If the lawsuit is resolved in Ripple's favor, it could remove a significant legal uncertainty surrounding XRP, which could positively impact its price.
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