The court ruling confirms that Ripple does not own the XRP Ledger.

Kabir903

Golden Finance reports that the New York Federal Court has rejected the motion by the U.S. SEC to appeal the ruling on Ripple, providing clear justification for the XRP Ledger (XRPL) and the native cryptocurrency XRP. Notable XRP enthusiast "24HRSCrypto" shared excerpts from the ruling, in which the judge emphasized that Ripple does not own the XRP Ledger (XRPL). According to the ruling, the SEC failed to provide evidence that the development of blockchain use cases constituted "tangible consideration to Ripple." The court pointed out that the July 13th ruling regarding Ripple's other distribution activities was based on applying the Howey test to the facts of the case. The court emphasized that the first provision of the Howey test requires an investment of funds. Applying this fact to the case, the court found that the recipients of the other distributions did not pay any funds to Ripple. The court believed that a significant portion of the other distributions consisted of grants to third parties as part of the efforts to develop XRPL and new XRP applications.

Jatin255

The appeal was rejected.

Jiten171

The sharing can be considered very professional.

Kahn332

I don't really understand this thing.