SEC Grants Ripple Unprecedented Exemption for Securities Sales

In a surprising move, the U.S. Securities and Exchange Commission (SEC) granted Ripple an exemption from selling securities to private investors. This decision disregards previous rulings by Judge Torres in the XRP case, raising concerns about legal precedent and potential favoritism within the crypto industry. While Ripple benefits financially, this exemption has ignited debates regarding preferential treatment for tech companies like Ripple.