Ripple Labs Gears Up for Celebration After SEC Win
Ripple Labs is preparing for a celebration following its recent victory against the SEC in New York City. The company will provide more details about the event in the coming week.
Key Points:
- Ripple will host a community celebration on September 29 in New York City.
- Brad Garlinghouse, the CEO of Ripple, expressed his excitement for the upcoming party.
- Judge Analisa Torres ruled in favor of Ripple, stating that XRP was not sold as an unregistered security.
- The judge distinguished XRP as a digital asset, not a security.
- The battle is not over, as an upcoming trial will address the SEC’s case against Ripple’s executives.
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Ripple’s victory against the SEC is cause for celebration, and the company is eagerly preparing for a community event in New York City. CEO Brad Garlinghouse is looking forward to the party, acknowledging the challenges the company faced during the legal battle. In a significant ruling, Judge Analisa Torres declared that Ripple did not sell XRP as an unregistered security. The judge made a clear distinction between XRP as a digital asset and not a security. However, the fight is not over yet, as an upcoming trial will focus on the SEC’s case against Ripple’s executives.
