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U.S. District Court Judge Analisa Torres ruled on Thursday that Ripple Labs’ programmatic sales of the XRP cryptocurrency did not qualify as the offer and sale of According to documents filed on July 13, Judge Torres has granted summary judgment in favor of Ripple Labs, ruling that the XRP (XRP) token is not a security, but only in Judge Analisa Torres has ruled that the joint request by the U.S. Securities and Exchange Commission (SEC) and Ripple to approve a settlement is “procedurally On July 13, Judge Analisa Torres of the Southern District Court of New York ruled in favor of the company responsible for issuing XRP, Ripple, in the case it has been Judge Torres denied SEC and Ripple’s joint request for an indicative ruling, calling it procedurally improper. The original XRP lawsuit judgment, including penalties and Judge Torres recently denied the SEC’s request to lift the ban on XRP institutional sales and to reduce Ripple’s $125 million fine. If a second attempt is denied

Judge Torres Ruling Fuels XRP Active Address Surge: What You Need to Know

The cryptocurrency world is buzzing after a series of rulings in the Ripple Labs case presided over by U.S. District Court Judge Analisa Torres. These decisions are having a significant impact, particularly on XRP's active addresses.

Judge Torres Rules in Ripple's Favor: Programmatic Sales Not Securities

A key aspect of the legal battle involves whether Ripple's XRP token should be classified as a security. According to documents filed on July 13, Judge Torres has granted summary judgment in favor of Ripple Labs, ruling that the XRP (XRP) token is not a security, but only in the case of programmatic sales. U.S. District Court Judge Analisa Torres ruled on Thursday that Ripple Labs’ programmatic sales of the XRP cryptocurrency did not qualify as the offer and sale of securities. This ruling sent ripples (pun intended) throughout the crypto market, impacting XRP's price and overall sentiment.

SEC and Ripple's Settlement Request Denied

The legal saga continues, with further decisions shaping the future of the case. Judge Analisa Torres has ruled that the joint request by the U.S. Securities and Exchange Commission (SEC) and Ripple to approve a settlement is “procedurally” improper. Judge Torres denied SEC and Ripple’s joint request for an indicative ruling, calling it procedurally improper. The original XRP lawsuit judgment, including penalties, remains in place pending further developments.

XRP Active Addresses Rise

The positive (though complex) legal developments have correlated with an increase in activity within the XRP ecosystem. Many attribute this surge to renewed confidence in XRP's long-term viability following Judge Torres' initial ruling regarding programmatic sales. Traders and investors are actively engaging with the token, leading to a measurable rise in XRP active addresses. This heightened activity indicates a strong market reaction and potentially foreshadows future price movements.

Institutional Sales and Ripple's Fine: Recent Developments

The legal back-and-forth continues. Judge Torres recently denied the SEC’s request to lift the ban on XRP institutional sales and to reduce Ripple’s $125 million fine. If a second attempt is denied, it could further embolden XRP supporters. On July 13, Judge Analisa Torres of the Southern District Court of New York ruled in favor of the company responsible for issuing XRP, Ripple, in the case it has been battling against the SEC, with ongoing complexities.

What's Next for Ripple and XRP?

The ongoing legal battle is far from over, but Judge Torres' rulings have undoubtedly provided Ripple with significant momentum. The rise in XRP active addresses suggests that the market is responding positively, but further developments in the case will continue to shape the future of Ripple and the XRP cryptocurrency. Stay tuned for further updates.

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