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Ripple’s legal chief says only bitcoin and XRP enjoy ‘explicit regulatory clarity’
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When the US markets watchdog cornered Ripple in a case last year over the sale of unregistered securities via XRP, it triggered a $15bn wipeout for holders of the cryptocurrency.
But a later ruling on 13 July vindicated the firm and its digital asset — US district judge Analisa Torres determined that Ripple didn’t violate federal securities law by selling XRP on public exchanges.
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