RIPPLE - Cryptocurrency explodes by 50% after court ruling: Are other altcoins not illegal securities?

RIPPLE - Cryptocurrency explodes by 50% after court ruling: Are other altcoins not illegal securities?

Ripple explodes by 50% after court ruling

The cryptocurrency Ripple is currently unstoppable. After a court ruling in the USA, other altcoins are also increasing significantly.

The reason for Ripple's rapid rise is a ruling by a New York court that states that the token "at first glance is not necessarily an (illegal) security." However, that was exactly what the US Securities and Exchange Commission (SEC) complained about. In June, crypto expert Sascha Huber also commented on this problem.

The court ruling could be groundbreaking and encourage market participants to assume that other altcoins are not illegal securities, contrary to statements made by SEC Chairman Gary Gensler. If crypto exchanges were to trade in illegal securities, they would clearly be violating current US law. But these allegations appear to have been dismissed for the time being. This also causes stocks like Coinbase to rise significantly.

However, it remains to be seen how long this relief from market participants will last. There is a possibility that the SEC will appeal. However, everything currently points to a hot crypto summer.

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The current stock3 crypto check can be found here: stock3 crypto check: The sun is shining

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