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The Winners and Losers of Today's XRP Judgment

We unpack today's SEC v. Ripple Labs summary judgment
The Winners and Losers of Today's XRP Judgment
Jack Inabinet Jack Inabinet
Jul 13, 2023 • 5 min read
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Dear Bankless Nation,

Gary Gensler and his SEC cronies are down bad after a summary judgment in the SEC v. Ripple Labs case today signaled that XRP, the digital token, is not a security. The news sent XRP prices soaring and pushed up plenty of other crypto assets as well.

Today, we unpack the ruling, showcasing the winners, losers and lingering uncertainties availed by this latest development.

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The Winners and Losers of Today's XRP Judgment
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Jack Inabinet

Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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