The Hidden Clause in Ripple’s SEC Ruling XRP Holders Watch
The 2023 Torres ruling made XRP a security in one specific context — and Ripple's $125M penalty confirms it. Here's the hidden clause XRP holders watch.
➤ The SEC v. Ripple Labs ruling, while largely seen as a win for XRP holders, contains a 'hidden clause' regarding institutional sales being classified as securities. ➤ Ripple's $125 million settlement was specifically for these institutional sales, not programmatic sales, meaning ongoing institutional deals like tokenized bonds and stablecoins may still fall under securities law. ➤ XRP holders should monitor state-level enforcement actions, Ripple's disclosure language, and re-litigation of the Howey Test in other crypto cases to understand the ongoing legal implications.














