# Analisa Torres

Type: Person

Source: GetYourBrief — https://getyourbrief.com/entity/analisa-torres
Canonical HTML page: https://getyourbrief.com/entity/analisa-torres

## Timeline

- **2026-03-20**: Classification Finalized — Secondary market status of XRP as a non-security is solidified following the conclusion of the appeals process.
- **2024-08-07**: Final Judgment & Fine — Ripple ordered to pay $125M fine for institutional sales, significantly less than the SEC's $2B demand.
- **2023-07-13**: Summary Judgment — Judge Analisa Torres rules XRP is not a security when sold to the general public on exchanges.
- **2020-12-22**: SEC Lawsuit Filed — The SEC sues Ripple Labs, alleging XRP was sold as an unregistered security.

## Recent coverage (1 stories, network-wide)

### XRP SEC Classification Status: A Watershed Moment for Digital Asset Regulation
2026-03-21 22:24:12 · Sector: legal · Sentiment: Neutral · Impact: 7/10 · Sources: 2

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.
Full story: https://getlegalbrief.com/story/xrp-sec-classification-status-impact-analysis

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