Analisa Torres

Person

Last mentioned: Mar 21, 2026

Timeline

  1. Classification Finalized

    Secondary market status of XRP as a non-security is solidified following the conclusion of the appeals process.

  2. Final Judgment & Fine

    Ripple ordered to pay $125M fine for institutional sales, significantly less than the SEC's $2B demand.

  3. Summary Judgment

    Judge Analisa Torres rules XRP is not a security when sold to the general public on exchanges.

  4. SEC Lawsuit Filed

    The SEC sues Ripple Labs, alleging XRP was sold as an unregistered security.

Stories mentioning Analisa Torres 1

regulation Neutral

XRP SEC Classification Status: A Watershed Moment for Digital Asset Regulation

The definitive legal classification of XRP marks the conclusion of a multi-year battle between Ripple Labs and the SEC, establishing a critical precedent for programmatic sales. This ruling provides the regulatory clarity long sought by the digital asset industry, potentially reshaping how the Howey Test is applied to secondary market transactions.

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