US Judge Ruling: XRP is not a Security

[Suba]

The SEC dispute with Ripple was ruled by a US judge on July 13, 2023, that XRP is not a security but only in the context of selling on crypto exchanges, but XRP is also considered a security when sold to institutional investors. Following the US judge's ruling, several crypto exchanges have resumed listing XRP. The positive impact of this US court decision has not only made XRP price rise, but also several cryptos that have been declared securities such as Polygon (MATIC), Cardano (ADA) and Solana (SOL).

 

[Golden9]

This is good news for cryptocurrency, but the battle isn't over yet. The SEC can still attack the other cryptocurrencies it later declared as securities and expose them to a prolonged period of downtrend like that of ripple.

 

[Suba]

This is good news for cryptocurrency, but the battle isn't over yet. The SEC can still attack the other cryptocurrencies it later declared as securities and expose them to a prolonged period of downtrend like that of ripple.

I agree with you, SEC will attack other crypto especially ADA and Solana, which will go to court. The SEC is proud to show off its power, even I got the latest news today that the SEC will appeal the Ripple case that has been decided by the judge.

 

[Golden9]

I agree with you, SEC will attack other crypto especially ADA and Solana, which will go to court. The SEC is proud to show off its power, even I got the latest news today that the SEC will appeal the Ripple case that has been decided by the judge.

I do think that BNB will be a target they will prefer after what happened with FTX. Dragging CZ to court would be poetic justice to them.

 

[Bisolami]

This is good news for cryptocurrency, but the battle isn't over yet. The SEC can still attack the other cryptocurrencies it later declared as securities and expose them to a prolonged period of downtrend like that of ripple.

I just feel they are trying to attack anything that has to do with cryptocurrency just like they attacked Binance and coinbase. I just feel they are not doing something that is resonable