The legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs over the classification of the XRP cryptocurrency as an unregistered security has been a major event in the crypto industry. In 2024, Ripple made progress in challenging the SEC's claims, including securing extensions to provide financial statements and winning a ruling that the sale of XRP on public exchanges did not violate securities laws. However, the court also ruled that Ripple violated securities laws in sales to institutional investors. Ripple faced a reduced fine of $125 million, but the SEC announced its appeal of the court ruling on XRP's public sales. As the case continues into 2025, the outcome will have implications for both Ripple and the future of cryptocurrency regulation in the United States.



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