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SEC vs Coinbase Lawsuit **MASSIVE DECISION for Crypto**The SEC claimed that XRP is a security. Generally, a security is a traded financial instrument representing ownership in a corporation or similar entity that. An August court ruling against the SEC in a case brought by Digital Currency Group's Grayscale unit, which is seeking to convert its $ In , the SEC accused Ripple and its co-founders of breaching securities laws by selling $ billion of its native cryptocurrency XRP.
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