After years of legal battles, the Ripple vs dry affair officially ended. On August 7, Ripple and the Securities and Exchange Commission (SEC) of the United States made a joint request to reject their calls to the second circuit courtyard. This marks the official closure of one of the most watched proceedings in the history of cryptocurrency.
The case, which started with the dry accusing the undulation of illegally selling XRP as unregistered security, was a central debate point in the cryptographic industry. With the dismissal of today, the question of programmatic sales of XRP of Ripple was carried out until 2020, as well as other non -institutional distributions, is now regulated under the principle of Res Judicata, which means that it cannot be raised between these parties. These sales and distributions are now legally recognized as legal.
Indeed, XRP itself is confirmed as not being security. This decision removes a major cloud of uncertainty that has surpassed cryptocurrency for years. The XRP community, which has remained close to the project during the years of investigation and dispute, celebrates the result as a historic victory.
The company can now fully focus on business growth. Legal closure also opens the way for potential XRP exchanges funds based on the United States (ETF), a possibility that has grown in recent months.
The leaders of Ripple clearly indicated that the end of this case reports the start of a new chapter for the company. With world expansion plans already underway, Ripple now seeks to strengthen its role in international payments and the adoption of digital assets.
The conclusion of the trial also occurs at a time when the feeling of the market around Altcoins improves. Analysts have now declared that XRP could see a renewal of the interests of investors, because regulatory uncertainty is no longer an obstacle. The cryptography market is now looking to see if this legal victory will trigger a sustained XRP price rally. The XRP price is currently increasing by more than 10%.
