Ripple Wins Big: Fifth Circuit Rules XRP Trades on Exchanges Not Securities
SEC Slapped Down: Ripple Ruling Stands, XRP Not a Security. In a sharp rebuke to the SEC, the Fifth Circuit Court of Appeals on April 17, 2025, upheld a lower court’s decision declaring XRP sales on public exchanges not securities, while vacating penalties on institutional sales. This consolidated ruling in case 23-11237 reinforces that secondary…
