{"id":35522,"date":"2023-07-14T06:12:18","date_gmt":"2023-07-14T10:12:18","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/bitcoin-jumps-to-over-one-year-high-after-judge-rules-crypto-xrp-is-not-a-security-in-retail-sales\/"},"modified":"2023-07-14T06:12:19","modified_gmt":"2023-07-14T10:12:19","slug":"bitcoin-jumps-to-over-one-year-high-after-judge-rules-crypto-xrp-is-not-a-security-in-retail-sales","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=35522","title":{"rendered":"Bitcoin jumps to over one-year high after judge rules crypto XRP is not a security in retail sales"},"content":{"rendered":"
\n

Bitcoin jumped almost 5% on Thursday to as high as $31,809, the loftiest level since June 2022, after a federal judge ruled that XRP, a cryptocurrency associated with Ripple Labs, isn\u2019t a security when sold to retail investors on digital-asset exchanges. U.S. District Judge Analisa Torres said Ripple\u2019s sales to sophisticated institutional investors would, however, qualify as an unregistered sale of investment contracts, in violation of federal law, representing only a partial win for those who have advocated that XRP isn\u2019t a security. XRP rallied almost 80% on Thursday and Ether jumped 7%, according to CoinDesk data.\u00a0<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin jumped almost 5% on Thursday to as high as $31,809, the loftiest level since June 2022, after a federal judge ruled that XRP, a cryptocurrency associated with Ripple Labs, isn\u2019t a security when sold to retail investors on digital-asset exchanges. U.S. District Judge Analisa Torres said Ripple\u2019s sales to sophisticated institutional investors would, however, […]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-35522","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nBitcoin jumps to over one-year high after judge rules crypto XRP is not a security in retail sales | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Bitcoin jumped almost 5% on Thursday to as high as $31,809, the loftiest level since June 2022, after a federal judge ruled that XRP, a cryptocurrency\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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