Ripple’s XRP case ‘underscores the need for regulatory clarity’

Last week, the crypto community celebrated a U.S. federal court case that ruled Ripple’s XRP token does not make up illegal securities sales, but only in some cases.
Though many celebrated the ruling, it’s not a true win for crypto.
Judge Analisa Torres, who presided over the case, approved the SEC’s motion with regard to institutional sales of Ripple’s XRP token, meaning that the cryptocurrency is a security when used for institutional sales. However, Torres denied the SEC’s motion related to programmatic sales of XRP, among other circumstances, which means she ruled XRP is not a security wh

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