Breaking: Ripple wins case against SEC as judge rules XRP is not a security
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Ripple Labs scored a victory in the United States District Court in the Southern District of New York on July 13 as Judge Analisa Torres ruled in favor of the company in a case brought forth by the Securities and Exchange Commission dating back to 2020.
According to documents filed on July 13, Judge Torres has granted summary judgement in favor of Ripple Labs allowing that the XRP (XRP) token is not a security.
