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<ul>
 <li>Courts officially recognize Judge Torres’ ruling that XRP is not a security, setting a legal precedent for digital assets.</li>
 <li>The acknowledgment of Judge Torres’ decision brings clarity to XRP’s status and challenges the SEC’s inconsistent legal theories.</li>
 <li>Investors are on hold over the Ripple penalty decision, as recent court rulings may have made a dent in the SEC’s plans to appeal the XRP ruling.</li>
</ul>
The decision of <a href="https://cryptonewsland.com/xrp-secondary-sales-deemed-non-securities-judge-torres-doctrine-stands/" rel="noopener noreferrer nofollow">Judge Analisa Torres on XRP</a> in the case of SEC v. Ripple has been recognized by courts as a precedent decision. This might become huge for the future legal classification of XRP, making things clear and providing a standard for any similar cases in times ahead.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> JUST IN: Courts Officially Recognize Judge Torres’ <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> Ruling as "Law of the Land" !! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;">CONGRATS <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> HOLDERS<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"> “Judge Torres in SEC v Ripple got it right – XRP, in and of itself, is not a security. Other Courts are recognizing her decision for what it is – consistent… <a href="https://t.co/16KAJeegwP" rel="noopener noreferrer nofollow">pic.twitter.com/16KAJeegwP</a>— Good Morning Crypto (@AbsGMCrypto) <a href="https://twitter.com/AbsGMCrypto/status/1807744359246258223?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 1, 2024</a>
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Judge Torres’ Decision on XRP
In July 2023, Judge Torres ruled that programmatic sales of XRP do not meet the third point of the Howey Test used to identify an asset as a security under U.S. law. To that effect, this ruling distinguished how XRP is not classified as a security, thus setting it apart from the SEC’s position. The decision has been pivotal in shaping the legal space for digital assets, offering a clear directive amidst the SEC’s inconsistent legal theories.
Courts Align with Judge Torres’ Ruling
Stuart Alderoty, on his X platform, <a href="https://x.com/s_alderoty/status/1807093125535735875" rel="noopener noreferrer nofollow">highlighted</a> the importance of Judge Torres’ ruling, stating that other courts are now recognizing her decision as consistent with established law. This alignment reinforces the ruling’s authority and diminishes the SEC’s attempts to challenge it. Alderoty emphasized that the court’s recognition of this ruling marks a critical step towards legal clarity for XRP holders and the broader crypto market.
Impact on SEC’s Legal Strategies
The recent court decision has broader implications for the <a href="https://cryptonewsland.com/xrps-legal-clarity-boosts-market-confidence-amid-regulatory-challenges/" rel="noopener noreferrer nofollow">SEC’s legal strategies</a>. The inconsistency in the SEC’s approach has been a point of contention, with courts now increasingly critical of the agency’s legal theories. The recent Binance ruling, while not directly related to the Ripple case, shows this trend. According to Alderoty, the lengthy decision is essential reading as it further illustrates the judiciary’s growing skepticism towards the SEC’s arguments.
Pending Penalty Decision for Ripple
Investors are now awaiting a court ruling on how big of an acceptable <a href="https://ripple.com/" rel="noopener noreferrer nofollow">Ripple</a> must pay for breaking U.S. securities laws. While the Binance ruling doesn’t have any direct implications for this pending decision, it could impact how the SEC intends to appeal against Judge Torres’ ruling over the programmatic sales of XRP.
<h4 class="wp-block-heading" id="h-read-also">Read also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/ripples-legal-path-strengthened-xrp-attorney-cites-judge-torres-unreversed-decisions/" rel="noopener noreferrer nofollow">Ripple’s Legal Path Strengthened: XRP Attorney Cites Judge Torres’ Unreversed Decisions</a></li>
 <li><a href="https://cryptonewsland.com/xrp-secondary-sales-deemed-non-securities-judge-torres-doctrine-stands/" rel="noopener noreferrer nofollow">XRP Secondary Sales Deemed Non-Securities, Judge Torres’ Doctrine Stands</a></li>
 <li><a href="https://cryptonewsland.com/top-legal-expert-clarifies-judge-torres-ruling-on-xrp-security-status/" rel="noopener noreferrer nofollow">Top Legal Expert Clarifies Judge Torres’ Ruling on XRP Security Status</a></li>
 <li><a href="https://cryptonewsland.com/secs-appeal-against-judge-torres/" rel="noopener noreferrer nofollow">SEC’s Appeal Against Judge Torres Ruling on XRP Likely to Face Uphill Battle</a></li>
 <li><a href="https://cryptonewsland.com/xrp-poised-for-greatness-judge-torres-ruling-just-the-beginning/" rel="noopener noreferrer nofollow">XRP Poised for Greatness: Judge Torres’ Ruling Just the Beginning</a></li>
</ul>
The post <a href="https://cryptonewsland.com/judge-torres-xrp-ruling-prevails-as-law-of-the-land-by-courts-xrp-army-rejoices/" rel="noopener noreferrer nofollow">Judge Torres’ XRP Ruling Prevails as ‘Law of the Land’ by Courts, XRP Army Rejoices</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Judge Torres’ XRP Ruling Prevails as ‘Law of the Land’ by Courts, XRP Army Rejoices

Crypto News Land

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