The XRP trial ruling may reportedly negatively impact South Korean prosecutors’ bid to convict Do Kwon and Terraform Labs of fraud and securities violations, but officials claim otherwise.
The US Securities and Exchange Commission (SEC) has expressed its “disappointment” at a court ruling last month that declared that Ripple’s XRP token was “not in and of itself” a security.
The SEC has since claimed that Terraform’s coin LUNC (formerly LUNA) is indeed a security….
Read More: SEC-Ripple Ruling a ‘Silver Lining’ for South Korean Prosecutors in Do Kwon Case