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.
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