XRP, the cryptocurrency associated with Ripple Labs, has seen a significant increase in price and trading volume following a landmark court ruling in its favor.
The U.S. District Court ruled that XRP is not a security when traded on secondary markets, providing much-needed clarity for the cryptocurrency’s legal status.
This decision has had a ripple effect across the crypto industry, with many seeing it as a precedent that could influence future regulatory decisions for other digital assets.
Ripple Labs has expressed optimism about the ruling, stating that it could lead to renewed partnerships and adoption of XRP in cross-border payments and other use cases. However, the ruling is not yet final, as the SEC has the option to appeal the decision.
