Ripple Wins SEC Case, XRP Not a Security

Ripple has emerged victorious after a four-year legal battle with the U.S. Securities and Exchange Commission (SEC), with the latter dropping its appeal against Ripple. This decision ends a significant lawsuit that began in December 2020, where Ripple was accused of selling unregistered securities. The conclusion of the case has resulted in XRP, Ripple's native token, experiencing a price surge, reaching $2.59 before settling at $2.39. CEO Brad Garlinghouse highlighted that the court's decision confirmed XRP is not a security, potentially catalyzing further price increases. Despite the win, Ripple plans to reduce its XRP sales in the future as it moves to expand its presence in the stablecoin market. The resolution of this case is seen as a pivotal moment for the crypto industry and could pave the way for XRP exchange-traded funds (ETFs) to increase liquidity and investor exposure.