The crypto industry celebrated Ripple’s partial win in court on Thursday, as a judge has ruled XRP (XRPUSD) is not a security. While many crypto proponents see this as a sign these sorts of assets will be allowed to flourish in the U.S., some legal experts point out that there is still much more regulatory clarity needed.
KEY TAKEAWAYS
- A Thursday court ruling in Ripple’s case with the SEC indicated that the digital asset XRP is not a security.
- The crypto industry has responded positively to the news, with crypto exchanges relisting XRP and many hoping this will lead to an end to the perceived war on crypto waged by the SEC.
- The ruling will undoubtedly have an impact on the SEC’s cases against Binance and Coinbase, and the fact that many U.S.-based exchanges have decided to relist XRP is seen as positive development for Binance and Coinbase’s legal standing.
- While there is reason for crypto enthusiasts to rejoice over the short…
