SEC Vs. Ripple case: Legal experts caution against premature celebrations

Ripple Labs, the company behind the cryptocurrency XRP, achieved a significant partial victory in its long-standing legal battle against the U.S. Securities and Exchange Commission (SEC).

Timeline of Xrp

Coinbase, KrakenPro, and Crypto dot com are some of the crypto exchanges that reopened trading for XRP after a partial ruling in Ripple's favor. Winklevoss-founded platform Gemini also said it is mulling listing Ripple's coin for spot and derivatives trading pairs.

Even as the crypto market responded immensely to a judge's partially favorable judgement in Ripple's legal battle with regulators, driving Ripple's XRP up 25%, dire warnings surfaced concerning that part of the order that wasn't favorable to Ripple.

XRP Price Analysis: On July 13th, the 4th largest cryptocurrency-XRP shocked the crypto investors with a 73% intraday gain. This massive growth was triggered when Ripple scored a partial victory in its long-coming legal battle against the Securities and Exchange Commission (SEC) as the federal judge ruled that XRP is not a security in programmatic

The recent surge in the XRP market, fuelled by Ripple's legal victory against the Securities and Exchange Commission (SEC), has resulted in a wave of short liquidations. Approximately $300 million worth of short positions were obliterated as XRP's price skyrocketed, leaving bears reeling in the wake of a monumental 100% rally.

Ripple Labs' recent victory against the United States Securities and Exchange Commission (SEC) is being hailed as a significant blow to the regulator's “war on crypto.” However, legal experts caution that it is not a definitive victory for the industry as a whole.

Yesterday's pronouncement by the SDNY judge that XRP can only be partially classed as a security led to a huge rise in cryptocurrencies. SEC loses millions of taxpayer dollars After a 3-year long court battle and millions of US taxpayer dollars spent on fighting the case by the SEC the judge has mainly come down on the side of Ripple, which also spent more than $200 million on legal costs.

Thursday marked a big day for the crypto market. Judge Analisa Torres of a U.S. District Court today ruled that “XRP” is not a security – handing over a big victory to Ripple Labs in its legal battle with the Securities and Exchange Commission as Invezz reported here.

In a stunning turn of events, Judge Analisa Torres delivered a monumental verdict yesterday, ruling that XRP is not a security. The long-awaited decision sent shockwaves through the crypto community, triggering a flurry of reactions, emotions and fervent discussions.

Prominent legal expert, Bill Morgan, recently ignited a debate surrounding the implications of a judge's recent decision concerning Ripple's On-Demand Liquidity (ODL). A Clash of Perspectives Morgan highlighted his concerns via a tweet, where he flagged an inconsistency in the judge's perspective.

Since the moment blockchain company Ripple secured a favorable ruling in the legal standoff against the United States Securities and Exchange Commission (SEC), which threatens the regulator's push in the cryptocurrency industry, reactions have been pouring in, including from the SEC itself.