Crucial Factors
- Ripple is self-confident that U.S. banking companies will begin wanting to use its XRP cryptocurrency for cross-border transactions soon after a choose gave the business a partial victory in its struggle towards the SEC, Common Counsel Stu Alderoty advised CNBC.
- A choose ruled that XRP was not in itself automatically a cryptocurrency, in a advancement with significant implications for the electronic asset sector.
- It was not a whole victory for Ripple, even so – the choose also dominated that revenue of XRP by Ripple to institutional customers do count as unregistered sales of securities.
