Ripple Labs is adjusting its XRP sales strategy ahead of its legal victory against the SEC in July 2023, demonstrating a commitment to regulatory compliance amid ongoing legal proceedings.
The company’s proactive approach to aligning sales strategies underscores its commitment to fostering sustainable innovation while adhering to regulatory clarity.
As per the latest reports, Ripple Labs is making alterations to its XRP sales strategy preceding its legal victory against the SEC in July 2023. This shift underscores the company’s commitment to compliance with regulatory standards for XRP sales, particularly as its lawsuit with the U.S. SEC progresses into the remedies phase.
As outlined in Ripple’s Q4 report, the company affirms its intention to meet regulatory requirements pertaining to XRP sales amidst the ongoing legal proceedings. This pledge follows a significant court ruling on July 13, 2023, determining that XRP does not fall under federal securities laws.
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