Ripple wins SEC case over XRP cryptocurrency, Prices surge


Cryptocurrency prices skyrocketed after Ripple Labs inc won a partial victory in a lawsuit filed against it by the Securities and Exchange Commission. Judge Analisa Torres ruled that some cryptocurrency transactions do not count as securities sales. Let us tell you that in December 2020, SEC filed a case against Ripple.The SEC says that most digital assets are securities that must be registered. But at present it is impossible to do this under the current rules. There is no such concrete rule regarding cryptocurrency on the basis of which this should be done.

After this news, there was a jump of about 75% in XRP cryptocurrency on Thursday afternoon. The effect of this news was also that along with XRP, there was a boom in bitcoin and many other cryptocurrencies. After the announcement of this decision, the value of the entire cryptocurrency market almost increased to around $ 1.3 trillion. This decision by US District Judge Analisa Torres is the first victory for a cryptocurrency company in the case brought by the US Securities and Exchange Commission. By the way, SEC has also got partial victory.

Mark Zuckerberg says they are going to partnering with Microsoft to introduce Llama 2


Please enter your comment!
Please enter your name here

Latest Article

Get Ready for Record-Breaking Impact as ‘Gadar 2’ Storms Theaters on August 11

Trending Entertainment: Gadar 2 - Sunny Deol is gearing up to return as Tara Singh once again with Gadar...

International Friendship Day: Celebrating Bonds That Know No Borders on 30 July

International Friendship Day: In a world where we sometimes feel divided, there's a special day that reminds us of...

World Hepatitis Day: Fast-Tracking Hepatitis Testing and Treatment Worldwide

To mark World Hepatitis Day, the World Health Organization (WHO) is urging leaders, policymakers, and healthcare providers in the...

Latest Bakwas

Friendship Day in India on 6 August: Celebrating the Bond of Forever Friends

Friendship Day in India is a joyous occasion dedicated to celebrating the wonderful bond of friendship that holds a...

7 Real methods are very effective to look beautiful, try them

Every person wants to keep himself look beautiful. Beauty is an important part of life which is a very...

how to get rid of fatigue after overwork by these 6 measures

How to get rid of fatigue When you feel tired after doing excessive work, you can try some of...