Ripple Labs has secured a significant legal victory in its ongoing battle with the U.S.
Securities and Exchange Commission (SEC). A federal judge ruled in favor of Ripple, stating that its XRP token does not qualify as a security under federal law.
This decision marks a major turning point in the case, which has been closely watched by the cryptocurrency community since the SEC filed a lawsuit against Ripple in December 2020, alleging that it conducted an unregistered securities offering.
The ruling has led to a substantial increase in XRP’s price and renewed optimism about Ripple’s future.
The outcome is expected to have broader implications for the regulation of other cryptocurrencies and digital assets in the United States.
