Ripple’s XRP token surged on Thursday after a judge in the Southern District of New York ruled that it’s “not necessarily a security on its face.”
“The judgments today are a huge step forward for the industry,” Chris Martin, head of research at Amberda, told CNBC. “By judging that XRP is not a security we’re starting to get clarity on what constitutes a security and what constitutes a commodity — the SEC will have to revise their tactics on several of their ongoing cases and I expect that this judgment will implicate several other tokens as non-securities.”
https://www.cnbc.com/2023/07/13/xrp-surges-after-judge-delivers-a-huge-win-to-ripple-in-its-case-against-the-sec.html