XRP Not a Security: Court Rules, Ripple's $125M Fine Slashed from SEC's $2B Proposal

In a landmark decision that could reshape the cryptocurrency industry, a federal judge has ruled in favor of Ripple Labs in part of its long-standing legal battle with the U.S. Securities and Exchange Commission (SEC).

A federal judge has ruled in part in favor of Ripple Labs in its long-running legal battle with the U.S. Securities and Exchange Commission (SEC).

The ruling, issued on Monday, provides major relief for the cryptocurrency industry, which has been grappling with regulatory uncertainty over the classification of digital assets.

The SEC had accused Ripple of conducting an unregistered securities offering by selling its XRP token. The agency sought a hefty $2 billion penalty, arguing that XRP should be classified as a security rather than a digital currency. Ripple, on the other hand, maintained that XRP is not a security and that the SEC’s case is without merit.

Dalam satu keputusan yang bercampur-campur, mahkamah mendapati bahawa jualan tertentu XRP sememangnya merupakan tawaran sekuriti. Walau bagaimanapun, ia juga memutuskan bahawa XRP sendiri bukanlah keselamatan. Ini adalah kemenangan utama untuk Ripple dan telah pun menghantar gelombang kejutan melalui pasaran mata wang kripto, dengan harga XRP melonjak secara mendadak selepas pengumuman itu.

Ketetapan itu juga mengenakan penalti sivil $125 juta ke atas Ripple dan menghalang syarikat itu daripada melanggar undang-undang sekuriti masa hadapan. Walaupun besar, penalti adalah jauh lebih rendah daripada SEC yang dituntut.

Implikasi keputusan ini untuk industri mata wang kripto adalah meluas. Ia memberikan sedikit kejelasan tentang landskap kawal selia yang keruh dan boleh mempengaruhi cara aset digital lain diklasifikasikan. Walau bagaimanapun, usaha berterusan SEC terhadap aspek tertentu dalam kes itu menunjukkan bahawa pertempuran belum berakhir sepenuhnya.

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