Ripple partially wins against Sec: XRP on the US market, Coinbase has already started it

Ripple partially wins against Sec: XRP on the US market, Coinbase has already started it

ripple partly wins against the SEC-XRP can now enter the US market

In a pioneering legal proceedings, Ripple achieved partial success against the US Securities and Exchange Commission (SEC). Judge Analisa Torres decided that XRP is not a security, but only the sales of institutional investors can be criticized. However, sales on the secondary market were not addressed directly.

The judge found that investors do not enter into an investment contract when it comes to the programmatic sale of XRP, just as little as investors on the secondary market. This enables the US exchanges and brokers to re-include XRP in their program. Over two years ago, they took XRP out of their program due to the legal uncertainty, which meant that XRP was effectively disappearing from the US market for this time and the course suffered.

Coinbase, one of the greatest crypto bonds, immediately reacted to the judgment and took XRP back into his program within a few hours. This means that XRP is again available on the US market. The US competitor Gemini has also expressed a positive statement, but checks the situation even more precisely. Since the court did not make a clear statement about the sales on the secondary market, Gemini seems to be more careful and take into account all implications.

The effects of the judgment were noticeable, because the XRP course rose by 38 percent after the notification. When Coinbase XRP resumed, the course continued to shot up and reached an annual high of over $ 0.94 within a few hours. With this, XRP achieved a price level that was last reached in March 2022.

Despite the joy of joy, investors should consider that the procedure goes into a second round and that some questions are still open. The SEC also checks the decision and could go into account.

It remains to be seen how the procedure will develop and what effects it will have on the XRP course and the cryptom market as a whole. Investors should follow the further developments carefully and be aware that the trade in cryptocurrencies always carries a certain risk.

NOTE: The information contained in this article does not constitute investment advice or recommendations. They only serve for information purposes and should not be used as the basis for investment decisions. The trade in cryptocurrencies carries risks, and it is recommended to find out thoroughly beforehand and to obtain qualified advice if necessary.