Cryptocurrency Q&A
Did ripple sell XRP tokens to institutional investors?
Did ripple sell XRP tokens to institutional investors?
SsangyongSpirited
Thu Nov 21 2024
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answers
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I heard Ripple sold some of its XRP tokens to institutional investors. Is that true? I'm curious about this because it could affect the value of XRP in the market.
7 answers
CryptoBaron
Fri Nov 22 2024
In response to the SEC's accusations, a judge issued a ruling on the matter.
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SejongWisdomKeeperElite
Fri Nov 22 2024
According to the judge, programmatic sales of XRP tokens do not constitute securities.
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KimonoGlory
Fri Nov 22 2024
The United States Securities and Exchange Commission (SEC) has leveled accusations against Ripple and its executives.
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Eleonora
Fri Nov 22 2024
However, the judge did find that sales of XRP tokens to institutional investors are investment contracts.
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Martino
Fri Nov 22 2024
The core charge is that Ripple raised over $1.3 billion through an unregistered asset offering of the XRP token.
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