2024

Chair

<ul> 
 <li>Ripple (XRP) ruled not a security, one year ago on this day.</li> 
 <li>Ripple anticipates industry resilience, despite ongoing litigation challenges.</li> 
</ul> 
As the cryptocurrency world marks a pivotal moment, Ripple enthusiasts are commemorating the first anniversary of a significant legal triumph. Stuart Alderoty, Ripple’s Chief Legal Officer, recently shared reflections ahead of this milestone, highlighting the impact of Judge Torres’ Summary Judgment in the SEC v Ripple lawsuit. 
“At its core, this ruling affirmed that XRP, as a token, does not qualify as a security under the law,” Alderoty <a href="https://x.com/s_alderoty">emphasized</a>. This landmark decision not only validated its stance but also set a precedent affecting subsequent cases, including recent developments involving <a href="https://thenewscrypto.com/binance-makes-final-push-to-sell-majority-stake-in-gopax/">Binance</a>. Alderoty critiqued the SEC’s approach under Chair Gensler, noting judicial rebukes of regulatory overreach. 
<div align="center">
 <blockquote class="twitter-tweet">
 Some reflections as we approach the one year anniversary of Judge Torres’ Summary Judgment decision in the SEC v Ripple lawsuit. First and foremost – it was a watershed moment to find as a matter of law, a token – in this case, XRP – in and of itself, is not a security. This… <a href="https://t.co/0gh0EYhFZO">https://t.co/0gh0EYhFZO</a>— Stuart Alderoty (@s_alderoty) <a href="https://twitter.com/s_alderoty/status/1811868845990126026?ref_src=twsrc%5Etfw">July 12, 2024</a>
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div> 
While acknowledging ongoing legal proceedings, Alderoty underscored the lasting significance of the court’s classification of <a href="https://coinmarketcap.com/currencies/xrp/">XRP</a>. “The <a href="https://www.sec.gov/">SEC</a> has conceded it won’t contest this conclusion,” he remarked, signaling a potential turning point in the regulatory landscape. 
Despite continued legal skirmishes, Ripple remains resilient, fortified by community support, and optimistic about the industry’s future beyond current regulatory challenges. 
In conclusion, Alderoty urged stakeholders to remain focused amid regulatory turbulence, asserting that Ripple and the broader crypto sector are poised to thrive. 
Highlighted News Of The Day 
<a href="https://thenewscrypto.com/is-xrps-recent-20-surge-a-sign-of-a-bull-rally/">Is XRP’s Recent 20% Surge a Sign of a Bull Rally?</a>

Ripple CLO Reflects on First Anniversary of Positive Court Ruling

TheNewsCrypto

Other articles published on Jul 13, 2024

MoonBag Mayhem: The Top Crypto Presale in 2024, Zooms Past Sei and Notcoin Leaving Them Spinning ...

BlastUP Launches an Airdrop of 30,000,000 $BLASTUP Prior to Its TGE in July

Bitcoin Price Eyes $70k Rally as Long-Term Holders Accumulate at Record Pace

CoinStats lost $2.2 million in crypto in June’s hack to the Lazarus Group

US Bitcoin ETFs See Net Inflow of $310M Amid Market Recovery

SHIB.CLUB: Revolutionizing the Shibarium Ecosystem with Instant Token Deployment and Trading

Join our free newsletter for daily crypto updates!