Ripple XRP Surges 30% as Judge Declares it a Non-Security: Landmark Ruling Fuels Crypto Rally

Ripple (XRP) has surged by 30% following the recent ruling by a US judge that XRP is not a security, marking a big win for the company and the crypto industry. This is the first landmark ruling of its kind in the U.S.

Judge Rules XRP is Not a Security: Ripple Labs Wins Against SEC

The U.S. District Court ruled in favor of Ripple Labs against a SEC lawsuit, declaring the company’s XRP token is not a security. This ends the SEC’s pursuit to classify Ripple as such. According to documents filed on July 13, Judge Torres has granted summary judgment in favor of Ripple Labs, ruling that the XRP (XRP) token is not a security, but only in certain circumstances.

Groundbreaking Decision for Ripple and the Crypto Industry

Judge Torres delivered a groundbreaking decision, affirming that the sale of Ripple’s XRP does not fall under the category of an investment contract offering. In a The Court’s July 13 decision that the crypto asset XRP is not a security is a landmark ruling, not just for Ripple, but for the entire U.S. crypto industry.

The ruling has significant implications for the future of cryptocurrency regulation in the United States and could pave the way for greater clarity and adoption of digital assets.