After victory over US stock exchange supervision: Ripple course increases after the court decision to XRP

After victory over US stock exchange supervision: Ripple course increases after the court decision to XRP

After Ripple won a victory over the US stock exchange supervisory authority, the US district judge Torres decided that XRP is not classified as securities. The ripple course has increased significantly since this announcement.

Among the top 25 cryptocurrencies, the token of the Ripple payment system has shown the best performance in the past 24 hours. XRP has recovered fourth place after market capitalization and overtaken Binance's BNB coin.

It is particularly worth noting that XRP has held its place unaffected by the turbulence on the cryptom market, since Bitcoin, the leading cryptocurrency, runs the risk of falling below the important brand of $ 30,000.

XRP is used by Ripple for international money transfer and currently has a market capitalization of $ 37.8 billion, which makes it the fourth largest cryptocurrency.

According to the data of the crypto tracker CoinmarketCap, XRP is currently trading at $ 0.7885. The price has increased by more than 6 % within the last 24 hours. However, the weekly time frame in which the token has increased by almost 67 % is particularly impressive.

Bitcoin and ether, the two largest cryptocurrencies after market capitalization, are currently being traded just above their prices of $ 30,000 or $ 1,900.

Jake Boyle, Chief Commercial Officer of the Australian crypto tours Caleb & Brown, explained that significant price changes in Bitcoin are unlikely, unless certain decisive events occur.

In the past three years, Ripple has fought against the SEC with the accusation of illegal XRP sales of $ 1.3 billion. However, Ripple rejected these allegations and claims that XRP is more of a goods than a securities.

The judge's decision in the Ripple lawsuit was a crucial moment for the cryptocurrencies. Although XRP was not classified as security, certain token sales were classified as securities transactions. This case throws a light on the regulatory status and the classification of cryptocurrencies through the SEC and has an impact on the entire industry.

Discussions could be triggered and clearer regulations for digital assets could be created, which strengthens the trust of investors and promotes a more stable market. The effects of this judgment could be noticeable worldwide and influence the regulatory approaches of other countries.

regulatory clarity is an absolute must because the cryptocurrency ecosystem grows. It is crucial to create a balance between innovation and consumer protection. Market participants will observe exactly how this judgment designs the future of cryptocurrency regulation.