An Unlikely Victory? Ripple Battles the SEC and XRP Soars! 🚀
Judge Analisa Torres, with a flair for dramatic compromise, gave us a split decision in August 2024. Her ruling? Institutional sales of XRP, indeed naughty and against securities law. But sales to the common folk—darlings, those are perfectly legitimate. Ripple was slapped with a $125 million fine, because what’s a courtroom showdown without a ludicrous price tag, and was told, “No institutional sales for you!” How poetic. 🤷♂️