A recent ruling by Judge Torres has determined that XRP is not a security and should be considered a commodity. The SEC’s appeal relates to allegations against Ripple and its executives regarding XRP sales. Despite this, there has been an increase in investor interest in digital assets, leading to a 70% increase in Assets Under Management for Exchange Traded Products. XRP has seen a significant gain in value following the Ripple Labs decision and there are expectations of a new all-time high for its price.
AI Sentiment: Positive