Ripple Labs wins a lawsuit against SEC - XRP is not classified as security and course increases in two digits

Ripple Labs wins a lawsuit against SEC - XRP is not classified as security and course increases in two digits
The US company Ripple Labs won a victory in its legal dispute with the SEC (US value paper supervisory authority). The responsible judge decided that the XRP cryptocurrency is not a security. This decision results in a strong increase in price for Ripple and also has a positive effect on other cryptocurrencies.
The SEC had filed a lawsuit against Ripple Labs in 2020, with the aim of stopping the offer of the XRP token. The authority argued that XRP should be regarded as a security and thus requires additional regulations. In an urgent procedure, however, judge Torres decided in favor of Ripple Labs by finding that the XRP token is not a securities.
This decision had an immediate impact on Ripple's course. Within a few minutes the price rose by about 70 percent and reached a new multi -month high.
The shareholder rates this victory as a positive signal for the entire crypto industry. Nevertheless, the volatility of the markets will probably remain high in the coming days. Bitcoin can also benefit from this message and remains a good investment in the long term.