📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Ripple can now raise funds via institutions
Ripple can now raise funds via institutions originally appeared on TheStreet.
A day after the SEC vs. Ripple case came to an end, the securities regulator took another dramatic decision on Aug. 8 and waived the disqualification for the crypto firm it had gained following the injunction against it.
To put it simply, Ripple can now raise funds via institutions, something the court's final judgment in August 2024 warned against.
Let's understand the matter in detail.
In December 2020, the SEC sued Ripple for raising over $1.3 billion via the sale of allegedly unregistered XRP securities. Ripple argued that XRP is not a security; instead, it's a digital currency.
In July 2023, Judge Analisa Torres ruled that Ripple's programmatic sale of XRP to retail traders didn't constitute securities law violations, but its sale of XRP to institutional clients violated securities laws.
In a final judgment passed in August 2024, Judge Torres slapped Ripple with a penalty of more than $125 million and directed it to desist from further violations of securities laws.
Join the discussion with Scott Melker on Roundtable here.
As both parties dropped their appeals and the case came to an end on Aug. 7, the injunction still remained, prohibiting Ripple from raising funds via institutional sale of XRP.
Following the injunction, Ripple received a disqualification under Rule 506(d) of the Securities Act, which automatically prohibits companies from availing certain exemptions to raise capital without registering with the SEC.
Now, the SEC has granted the crypto firm a waiver from the disqualification under Rule 506(d). This means the agency is allowed to raise capital from accredited investors without SEC registration, using the Regulation D exemption.
XRP was trading at $3.31 at the time of writing, up 6.5% a day.
Ripple can now raise funds via institutions first appeared on TheStreet on Aug 8, 2025
This story was originally reported by TheStreet on Aug 8, 2025, where it first appeared.
View Comments