A judge in the SEC's case against Ripple has ruled the sales of XRP to institutional customers were unregistered securities offerings, even though the token itself may not meet the test for a security.
Ripple CEO: SEC Created “Mess,” Consumers Left Paying the Price
SEC 'Disappointed' With XRP Ruling on Retail Investors — Chair
SEC Plans to Challenge Ruling Denying Security Classification for
XRP Lawsuit: Legal Expert Suggests Ripple May Consider Settlement, unnerves definition
SEC in hot water after Ripple ruling, former agency attorney says
XRP Lawsuit: Key Insights and Future Impacts You Should Know
XRP Token Not a Security, Judge Rules, But Ripple's Institutional
Ripple seeks to protect legal advice on XRP from disclosure to SEC
Judge rules XRPUSD is not a security, Jeffrey Siu posted on the topic
XRP Ruling Appeal: Attorney Says SEC Has Just One Option Left
XRP Lawsuit Analysis: Legal Expert John Deaton Debunks Judge
Court Ruling Will Create Ripples for Individual Crypto Investors