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Okay, before we jump into the newest updates, let's make sure we're all on the same page. The **Ripple vs. SEC lawsuit** began in December 2020. The Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs, the company behind XRP, and its executives, alleging that they sold XRP as an unregistered security. The SEC claimed that XRP should have been registered as a security, meaning Ripple should have followed specific regulations regarding its sales. Ripple, on the other hand, strongly denied these claims, arguing that XRP is a cryptocurrency and not a security. They asserted that XRP is more akin to Bitcoin or Ethereum, which are not currently regulated as securities. This has been the core of the **legal battle**: is XRP a security or a currency?
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