Ripple, the payment company led by Brad Garlinghouse, celebrated two major milestones yesterday. The first was in the United States, and the second in Asia. In Singapore, the company was granted a Major Payments Institution (MPI) license by the Monetary Authority of Singapore (MAS). This allows Ripple to provide digital payment token services and crypto payment solutions for financial institutions in the country. Ripple also secured a legal victory in the US, when Judge Analisa Torres declared retail sales of XRP as non-securities under the country’s law. The SEC tried to appeal the verdict, but Judge Torres denied the motion due to lack of “sufficient evidence”. As of this writing, the XRP token trades at $0.53 with a 5% profit in the last 24 hours.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Asia
Countries	🇸🇬 🇺🇸
Sentiment	positive
Relevance Score	10
People	Analisa Torres, Brad Garlinghouse, Gary Gensler
Companies	US Securities and Exchange Commission (SEC), Monetary Authority of Singapore (MAS), XRP Ledger, Bitcoin, Ripple
Currencies	US Dollar, Ethereum, XRP, Bitcoin, Singapore Dollar
Securities	None