Tag: Ripple
Federal Judges Cast Doubt on XRP’s Non-Security Status
The ruling issued in July 2023, which designated XRP as a “non-security” in secondary market transactions, is encountering challenges. Concerns have been raised by two federal judges regarding the application of the Howey Test to XRP, suggesting that the token might be deemed an unregistered security.
Ripple Labs Inc. Challenges SEC’s Demand in a Lawsuit
Ripple Labs Inc. files a sur-reply motion to counter the SEC’s claims in the XRP lawsuit. The motion addresses the inaccuracies presented by the SEC and adds more intensity to the heated case.
BlackRock Shrugs Off XRP, Says No Plans for Spot ETF – Fox Business Senior Correspondent
Ripple’s hopes for a BlackRock-backed XRP exchange-traded fund (ETF) seem to be dashed, as senior Fox Business reporter Charles Gasparino cites insider sources reporting that BlackRock has no intention of launching such a product. The decision underlines the persistent regulatory cloud hanging over XRP and its ongoing legal battle with the US Securities and Exchange Commission (SEC).
