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did xrp win the lawsuit
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Yes, Ripple (the company behind XRP) won a partial victory in its lawsuit with the U.S. Securities and Exchange Commission (SEC). The U.S. District Court of the Southern District of New York ruled that the sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts, but the institutional sale of the tokens did violate federal securities laws1. This ruling brought some regulatory clarity for the cryptocurrency industry1. The price of XRP surged following the news2. However, it’s important to note that some of these findings could be appealed and reversed2.
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