SEC veteran Marc Fagel decodes Ripple case as community argues whether XRP can hit $10
The debate took an intriguing twist when the XRP supporter stressed the importance of regulatory clarity, claiming that the token had received legal affirmation as a nonsecurity asset. However, a dissenting voice quickly emerged, asserting that while XRP may have legal clarity, it lacks the broader regulatory consensus required in the financial world.Amid the back-and-forth, an unexpected voice joined the conversation.
No. The court ruled in part for Ripple, in part for the SEC. The court held that Ripple illegally raised over $700M through he unregistered sale of securities. But the court also ruled that the company’s sales of XRP through intermediaries did not violate the law. So, mixed bag.
France Dernières Nouvelles, France Actualités
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