Ripple’s XRP price jumped as much as 16% in minutes after reports that a judge had ruled in favor of Ripple in a case against the US Securities and Exchange Commission.
- According to messages the judge ruled that the sale of Ripple XRP is not an offer of investment contracts.
- This seems like a big win for the company as the case has been going on for over two years now.
- The price of XRP exploded by 16% immediately after the news broke.
Judgment – https://www.dropbox.com/scl/fi/bk1n1qn1tgscrcrrfldr8/SEC-v.-Ripple-Ruling-on-Motions-for-Summary-Judgment.pdf?dl=0&rlkey=cjyfdw5rl58diqxyi3qfgix7s