Despite declaring XRP as a non-security, the court finds that Ripple’s past sales to institutional investors constitute an unregistered security offering. Judge Analisa Torres, the presiding judge of the SEC v. Ripple lawsuit, has finally issued the much-anticipated ruling after nearly three years of legal battle. The judge’s judge’s decision is seen as a mixed The post Ripple CLO says Further Court Proceedings To Come As XRP Sales to Institutional Investors Constitute Securities first appeared on The Crypto Basic .