Ripple's victory in the lawsuit sparks a crypto market rally (Ⅰ)🎆
Thewidely anticipated Ripple vs SEC decision came with Judge Analisa Torres ruling that XRP is not a security token when offered to the general public but is a security when sold to institutional investors in a 'split' decision. Her rationale was that 'institutional buyers would have understood that Ripple was pitching a speculative value proposition for XRP with potential profits to be derived from Ripple's entrepreneurial and managerial efforts', but that this didn't apply to programmatic (public) investors as there was no evidence that such investors could have parsed the statements made by Ripple regarding XRP.
