Not So Fast. Ripple's Legal Woes Aren't Quite Over.
Lawyers say it won't be easy to resume institutional XRP sales in the same way as before.
It's exciting times for Ripple's native token XRP (CRYPTO: XRP), as the team celebrates the end of over four years of legal battles. The SEC is dropping its charges against many players in the crypto industry, and Ripple's leadership says that includes XRP. As a result, Ripple's fans say XRP is going to the moon.
Let's dive into how it may unfold and why XRP's legal status isn't as clear-cut as it seems.
Without regurgitating years of legal back-and-forth, in 2020, the SEC brought charges against Ripple for selling unregistered securities. The question hinged on whether XRP -- and other cryptocurrencies -- should be traded as a security or a commodity.
