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 <h2 id="xrp-s-regulatory-status-under-spotlight">XRP’s Regulatory Status Under Spotlight</h2> 
 <p>Uphold, an industry player known for its discerning approach, notably refrained from delisting or suspending trading of <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>, underlining its perspective on <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>’s classification as a non-security. The live discussion aims to shed light on the nuances of this determination, inviting participants to gain insights into Uphold’s proactive stance.</p>  
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 <p>This comes after, Judge Analisa Torres of the U.S. District Court for the Southern District of New York gave an important lesson from her decision was that <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> does not automatically satisfy the Howey conditions of an investment contract since it is a digital token, indicating that the court does not consider <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> to be a security unless it is sold to institutional investors.</p> 
 <p>Judge Jed S. Rakoff issued an important decision on July 31, 2023, in the relatively related matter of SEC v. Terraform Labs that went against Judge Torres’ strategy in the <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> case. He rejected the notion of categorizing coins according to how they were sold, a view that might have wider ramifications for the cryptocurrency industry.</p>  
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 <p>Judge Jed Rakoff’s recent ruling has upheld the SEC’s pursuit of a securities fraud lawsuit against Terraform Labs. The decision marks a significant juncture in the legal proceedings involving Terraform Labs and its founder, Do Kwon.</p>  
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 <p>Also Read: Is PayPal’s PYUSD Stablecoin By Paxos Good, Bad, Or Ugly For Crypto Industry?</p> 
 <h2 id="uphold-leads-the-example">Uphold Leads The Example?</h2> 
 <p>The legal and regulatory environment regarding <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>’s categorization as security has been extensively watched by the <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> community. The decision by Uphold to keep <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> trading available on its platform supports its view that <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> should not be classified as a security under current regulatory frameworks. In partnership with Uphold’s leadership, <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> supporter John E. Deaton will host an upcoming Twitter Space event that aims to promote a greater comprehension of these complex issues.</p> 
 <p>Also Read: Huobi And Other Crypto Exchanges Announce PayPal USD (PYUSD) Listing</p> 
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XRP Lawyer Joins Experts To Explain Why Judge Rakoff Rejects Torres Ruling

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