Ripple’s XRP Token Surges 28% After Court Rules XRP Sales Aren’t Investment Contracts

📆 13/07/2023 20:49:00
📰 CoinDesk

⏱ Reading Time:
18 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Ripple’s XRP token surges 28% after the District Court for the Southern District of New York rules XRP sales aren’t investment contracts. reporting

XRP climbed to as high as 64.7 cents, according to data from CryptoWatch, its highest level since May 2022, before settling to 60 cents at the time of publication.said

the “offer and sale of XRP on digital asset exchanges did not amount to offers and sales of investment contracts,” as “the record cannot establish the third Howey prong to these transactions.” Uphold, one of the few crypto exchanges where investors can purchase XRP, is experiencing internment issues, “due to high demand,” according to its

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indian online gaming companies' shares fall on 28% tax blowShares of Indian online gaming firms Nazara Technologies , Onmobile Global , and Delta Corp slid on Wednesday, a day after the government imposed a 28% tax on the funds collected by online gaming companies from customers.
Source: Reuters - 🏆 2. / 97 Read more »