In a long-awaited decision, Judge Torres ruled in favor of XRP in their case against the U.S. Securities and Exchange Commission (SEC) yesterday. The verdict is a positive development for the cryptocurrency industry, particularly with a focus on whether digital assets should be deemed securities in the US. The ruling is expected to set a precedent for the industry moving forward. It is positive for both altcoins and the wider industry, as the default expectation is that these assets are not deemed securities so long as they are made available to the public. This event will likely have wider implications for ongoing legal cases and may help rebuild confidence in the industry for developers and attract more liquidity to the ecosystem. XRP Defies Expectations With Massive Price Surge And Trading Volume Spike Following the news, XRP saw a surge in price, reaching as high as $0.93, the highest price since May 2021, and closing at $0.82. According to data compiled by the research company CCData, the news led to an influx of trading activity, with XRP trading pa ..
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