Interview: Gary Gensler Plays Safe On XRP Ruling Appeal

Also Read: XRP Holder’s Lawyer Reveals One Unique Thing About His Clients

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On July 13, 2023, the judge had ruled that the XRP token is only a security when dealing with institutional investors and not selling to retail investors. This effectively meant that Ripple did not violate the federal securities law by selling its XRP token on public exchanges. Consequently, many United States based crypto exchanges like Coinbase had relisted the XRP token on their platforms.

Gary Gensler Mum On XRP Ruling

In what appears to be a strategic silence maintained by Gensler, he had literally dodged the question saying the US SEC is yet to take a decision on the ruling against the Summary Judgment. However, he maintained that the Crypto Market continues to violate the securities laws, despite the XRP ruling.

Meanwhile, the XRP price saw some correction compared to the $0.80 level it assumed following the ruling earlier in the month.

Also Read: Chainlink Whales Trigger Price Rally; $LINK Price At $9 Next?

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