The crypto market in general has been declining since the start of this week, but XRP has managed to maintain its bullish momentum. 🚀

Part of the reason is a landmark court decision regarding the SEC's lawsuit against Binance, which Ripple is now exploiting in its legal battle with the regulator.

In a letter to Judge Analisa Torres, Ripple's attorney, Michael Kellogg, argued that Binance's recent ruling supports Ripple's case that illegal sales of XRP do not require "harsh sanctions" as the SEC claims.

Last week, Judge Amy Berman Jackson rejected the SEC's claim that Binance's secondary market sale of BNB tokens constituted a securities transaction.

The denial specifically attacks the SEC for its decision to “police this billion-dollar industry through litigation” as “inefficient” and leaving the parties “without clear direction.”

"This opinion supports Ripple's argument that providing clarity on the legality of various types of XRP sales is the most significant aspect of the summary judgment," Ripple said.

After Torres made up his mind about Ripple about a year ago, XRP jumped about 70% in one day, and was re-listed on several major exchanges. The lawsuit also serves as an important reference point for the crypto industry in its ongoing battle with the SEC over whether other crypto assets or sales are considered unregistered securities.

Bitcoin fell 2.1% on Tuesday while Ethereum fell 1.4%. In contrast, assets in the SEC's targets - including XRP and Solana (SOL) - rose 1.2% and 3.4% respectively.

What do you think about this? Come on, discuss it in the comments column! 😊