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Ripple Applied For Licenses in UK and Ireland Ripple announced plans last year to expand to other European countries, especially the UK and Ireland amid the long-running case against the US SEC. advertisement After Judge Analisa Torres’ landmark decision in the US SEC v. Ripple Labs lawsuit, Ripple seeks approval of licenses in the UK and Ireland as XRP isn’t a security. Judge Torres ruled that sales of XRP to institutions are securities as these are investment contracts, but the XRP token itself is not a security. Sendi Young, managing director Of Europe for Ripple , said the decision was a huge win and positive for Ripple ’s overall growth and success. “We are in the process of applying for our crypto asset registration in the UK and our payments licence in Ireland. These are all massive investments with a view that we are going to continue growing exponentially in this region.” Recommended Articles ...

Also Read: Hinman Emails Depicts SEC Fovoured Ethereum Over Other Cryptos advertisement SEC Seeks 4 Additional Months To Reply As per the court filing, the U.S. SEC stated that it has not decided what action needed to take on the rulemaking petition. It added that the order refers to enforcement actions and statements by the SEC Chair, however, it does not demonstrate a decision to reject the exchange’s rulemaking petition. The commission has asked for additional 120 days to reply to the crypto clarity request. Paul Grewal, Chief Legal Officer of Coinbase mentioned that the U.S. SEC repeated the fallacy that they haven’t decided to take any action to serve new crypto rules. The commission has completely refused to commit to any clear deadline despite facing a court’s explicit order. It is important to note that the commission has entirely ignored the statements made by its Chair that eventually confirm that they have no intention to issu...