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US judge says Ripple not a security

Photo: Getty Images

Carmen Cracknell

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The ruling could be significant in clarifying the status of crypto in the US economy.

A ruling Thursday that said crypto token Ripple did not violate federal securities law is being described as a landmark victory for the crypto industry and a big setback for the SEC.

The move comes as major exchanges Coinbase and Binance fight an ongoing battle with the SEC over crypto

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