Ripple Prevails in Ripple vs SEC Legal Battle as XRP Declared Not a Security

Ripple emerges victorious as XRP is deemed not a security, signaling the impending conclusion of the Ripple vs SEC legal battle. US District Judge Analisa Torres ruled in favor of Ripple in the lawsuit brought against them by the SEC in December 2020.

The SEC accused Ripple of raising more than $1.3 billion by selling XRP to investors, claiming it should be considered a security.

However, the court determined that the sales of programmatic XRP did not meet the criteria of investment contracts, as they lacked the economic reality of institutional sales, which would typically involve an expectation of profits derived from the efforts of others.