XRP Ruling a ‘Landmark’ Judgment, Weakens SEC's Stance Against Crypto: Bernstein

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XRP Ruling a ‘Landmark’ Judgment, Weakens SEC's Stance Against Crypto: Bernstein
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.BernsteinBuzz says the U.S. court’s ruling that Ripple’s $XRP is not a security emphasizes the need for a separate digital assets regulatory framework. By willcanny99.

ruling that Ripple’s XRP token should not be considered a security if sold via an exchange or through programmatic sales, is a landmark judgment for crypto, broker Bernstein said in a research report Thursday.

The ruling reduces the “securities overhang on tokens sold on exchanges,” and is a “major relief for all tokens sold on secondary platforms,” analysts led by Gautam Chhugani wrote.

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