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Crypto's long battle with SEC comes to a close with Ripple victory

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Summary
Nutrition label

71% Informative

Ripple announced Wednesday that the SEC had officially dropped its four-year-old lawsuit against the company.

The suit, filed on Jay Clayton's last day as SEC chair, accused Ripple of raising $1.3 billion through the sale of its XRP token without registering it as a security.

A federal judge ruled that XRP is "not necessarily a security on its face" in July 2023 , undercutting the foundation of the case.

VR Score

75

Informative language

73

Neutral language

50

Article tone

formal

Language

English

Language complexity

48

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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