Ripple triumphs in court: XRP no securities - crypto market in terms of optimism

Ripple triumphs in court: XRP no securities - crypto market in terms of optimism
Ripple has won a victory in an important legal process against the SEC (Securities and Exchange Commission), the American securities supervision. This victory means that XRP is officially no longer regarded as a security, at least not for the variant of the cryptocurrency token traded on stock exchanges.
The decision has led to a strong increase in the XRP course and also pulls the rest of the cryptom market up. But what is behind this legal process and why is it so important?
The SEC had sued Ripple in December 2020 and claims that XRP was to be classified as a security and that Ripple had illegally sold this security to investors. Ripple, on the other hand, argued that XRP was to be regarded as a cryptocurrency and did not fall under the securities laws.
The court process extended over several months and the decision was eagerly awaited by many cryptocurrency enthusiasts. On August 31, 2021, the judge finally announced his judgment in favor of Ripple. He agreed to Ripple's argument that XRP was more to be regarded as a cryptocurrency and not as a security.
This decision has far -reaching effects on the cryptocurrency market. Since XRP is no longer considered to be a security, it is easier for stock exchanges and investors to act and use the token. As a result, the XRP course could continue to increase and also increase interest in other cryptocurrencies.
ripple is a company that has developed ripple technology, a digital payment platform that enables money to send money quickly and inexpensively across borders. XRP is the cryptocurrency used by Ripple to process transactions on the platform.
The decision in this legal process could also have an impact on similar cryptocurrencies that are in a similar legal gray area. The SEC has already submitted similar lawsuits against other cryptocurrencies that could be regarded as securities.
It remains to be seen how this decision will affect the cryptom market as a whole. However, it is clear that the Ripple victory in the court trial against the SEC is a significant development for the cryptocurrency industry. Investors and retailers will now be carefully observed how the market will develop and what effects this will have on their investments.