In a significant legal victory for Ripple, US District Judge Analisa Torres ruled in favor of Ripple in the lawsuit filed against it by the US Securities and Exchange Commission (SEC) in December 2020. The court noted that programmatic XRP sales did not constitute investment contracts, as they lacked the economic reality of institutional sales, which cut in favor of finding “a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others.” More info: https://tinyurl.com/3fvdrpe9