Ripple SEC case continues and court ruling incites confusion The United States (US) Securities and Exchange Commission (SEC) has been after Ripple Labs since December 2020 and it appears that their legal battle is far from over. Latest developments in this story include Judge Analisa Torres ruling in favour of the blockchain-based company. The ruling in question as quoted from the US court’s decision, ‘Ripple’s XRP offerings are unique’. This means that the digital asset should be treated as a different form of investment entirely that the SEC cannot regulate in the same way as a security. The Bank of America (BAC) weighs in and says that the court’s recent rulings complicate the matter.
