Ripple's ✌🏾 Victory Against the SEC: What Impacts It on Crypto?
On July 13, 2023, Ripple won a major victory against the SEC, with a court ruling that XRP is not a security when sold on public platforms. This decision, which clarifies the regulations for cryptocurrencies, redefines how they could be classified in the future.
The SEC's initial lawsuit accused Ripple of selling unregistered securities in 2020. The court partially ruled in favor of Ripple, while recognizing violations regarding sales to institutions.
This decision also boosted the value of XRP (+6%) and could influence other major crypto cases, such as Binance's against the SEC. Despite a still unclear regulatory environment, Ripple is consolidating its position in the market.
