The euphoria surrounding Ripple’s victory against the US Securities and Exchange Commission (SEC) is boosting the entirety of the crypto industry. Specifically, Judge Analisa Torres ruled that XRP is not a security.
Read CRYPTONEWSLAND onA couple of hours after the ruling, XRP skyrocketed to almost $1 before simmering at $0.81, according to CoinGecko. Previously, XRP was sitting idly at $0.47.
XRP/USDT 1-hour chart (source: TradingView)
To take part in the celebration, embattled Coinbase also relisted XRP, citing that Ripple’s victory ignites further hope in the crypto industry. At the same time, the ruling helps push the agenda of providing regulatory clarity for the crypto space in the US.
For the SEC’s part, the securities watchdog is reviewing the ruling. The agency is also looking for an appeal if there are substantial grounds for such.
Now that Ripple has achieved its much-awaited victory after fighting the SEC and expending hundreds of millions of dollars in legal costs, the crypto space’s attention is now directed toward Coinbase and Binance.
Specifically, the mentioned crypto exchanges are still in a legal battle with the SEC, and it may take years for the lawsuits to get a ruling.
The #Polkadot Network is geared up for #bullish events in the coming weeks, it could…
🚀 Discover the top 5 altcoins under $1 set for significant gains! #Crypto #Altcoins #Investment…
🚀 Top altcoins set to hit all-time highs this week! Don't miss out on these…
Explore how #BlockDAG dominates the crypto market, promising major returns and revolutionizing mobile mining. Visit…
#Ethereum's rollercoaster ride: Soaring past $4,000, battling downtrends, and eyeing a comeback! 📈 Stay tuned…
#XRP rides the wave of optimism as US CPI data sparks market rally. Technical analysis…