Ripple Rejected SEC Deal to Declare XRP a Security, Later Won Major Court Ruling
- SEC approached Ripple with a deal to declare XRP a security before filing lawsuit
- Ripple rejected deal because they believe XRP is not a security
- Judge ruled XRP sales did not constitute security offerings, a win for Ripple
- Ripple lawyer says ruling was a major defeat for SEC Chair Gary Gensler
- Ripple put "everything on the line" to prove XRP is not a security