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The Court of the Southern District of New York concluded that program sales and other distributions of Ripple’s XRP token do not constitute an offer and sale of investment contracts.
Judge Analisa Torres ruled in favor of the California-based blockchain company in a process that has been going on since 2020. In the filed SEC The lawsuit alleged that Ripple had been selling unregistered securities in the form of XRP tokens to retail investors for seven years.
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