Ripple’s triumph in the legal battle against the SEC cements the status of XRP as a non-security asset. The judicial verdict, now hailed as the “Law of the Land,” has favorably influenced XRP’s standing in the market.
Following the suspenseful countdown reported in an earlier CNF article, “Ripple vs. SEC: A Crucial 14-Day Deadline Looms as XRP Case Intensifies,” Ripple emerged victorious in the XRP vs. SEC lawsuit, with the non-security status of XRP being established as the “Law of the Land.”
Collin Brown took to Twitter to express his elation and extend congratulations to XRP stakeholders, as Judge Torres’ decision on XRP is now officially acknowledged as the “Law of the Land.”
BÄÄÄÄÄÄÄM!
Judge Torres’ Decision on XRP Is Now the Official “Law of the Land”!
Kudos to #XRP Holders!
Stuart Alderoty, Ripple’s Chief Legal Officer, previously remarked on Twitter that Judge Torres’ ruling in SEC vs. Ripple was spot-on – XRP itself is not a security. Her ruling is gaining recognition from other courts as being in line with the nation’s laws.
Alderoty also commented on the clarity of the courts in seeing through the SEC’s obfuscating legal strategies, despite their efforts to complicate matters. He recommended reading the lengthy but insightful Binance ruling released the previous night.
Despite the SEC’s attempts to cloud the issue with inconsistent legal arguments, the courts have clearly perceived the SEC’s maneuvers. Moreover, the recent lengthy Binance court ruling proved to be an informative read.
**Market Impact of XRP’s Legal Victory**
The outcome of Ripple’s successful case against the SEC has been positive. At the time of this writing, Ripple (XRP) is trading at \$0.4781, marking a 0.05% increase over the previous day and a 0.02% rise over the past week.
This advancement has propelled XRP to a more favorable market position, a significant improvement from its consistent performance below both the 50-day and 200-day EMAs, as reported by CNF in mid-June.
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