In a recent court ruling, the judge overseeing the case has deemed XRP, the cryptocurrency associated with Ripple, as not being a security token. This contradicts the stance taken by the Securities and Exchange Commission (SEC), which has claimed that XRP is structured as a security token. This ruling is being seen as a big win for Ripple and the cryptocurrency industry as a whole, leading to a surge in the price of XRP. Ripple’s CEO celebrated the outcome on Twitter and stated that they have been on the right side of the law. This ruling also highlights the vulnerability of the SEC, despite its strong enforcement tactics and support from government officials. The article also includes other news related to bitcoin and cryptocurrency.
AI Sentiment: Negative
