"Example XRP's attitude that remains unwavering despite being dropped."
The legal battle between Ripple (XRP) and the Securities and Exchange Commission (SEC) of the United States (US) that has lasted for three years has finally found success when the case is reported to be in favor of XRP.
While Judge Analisa Torres ruled some primary sales of XRP should have been registered as securities offerings, secondary sales of the digital asset did not count as unlicensed securities at all.
There is no denying that the case will continue to be heard and financial penalties for the main sale of XRP may still occur, but the decision in the Summary Judgment can clean up Ripple's tarnished name.
According to Brad Garlinghouse, the Chief Executive Officer (CEO) of XRP said that the court decision could allow XRP to continue their steps in generating more money.
He added that the success could not only benefit XRP but the entire crypto market including facilitating the transfer of money through the digital asset which has long suffered due to the SEC.
It was also revealed that the blockchain payments firm will start discussions with new customers starting in the third quarter which is just two weeks away, XRP general counsel Stu Alderoty said.
Alderoty also announced that XRP will make every effort to work with firms in the US banking sector to conduct business overseas which has largely been eliminated.
As of this writing, XRP price slipped by 2.31% to $0.73 in the last 24 hours with a market cap of $38 billion but still recorded an increase of around 55.28% over the last week.
