{"id":22269,"date":"2023-07-13T20:54:32","date_gmt":"2023-07-13T20:54:32","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ripple-secures-a-huge-win-as-judge-rules-xrp-is-not-a-security\/"},"modified":"2023-07-13T20:54:32","modified_gmt":"2023-07-13T20:54:32","slug":"ripple-secures-a-huge-win-as-judge-rules-xrp-is-not-a-security","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ripple-secures-a-huge-win-as-judge-rules-xrp-is-not-a-security\/","title":{"rendered":"Ripple secures a \u2018huge win\u2019 as Judge rules XRP is \u2018not\u2019 a security"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/119165182_m_normal_none-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/119165182_m_normal_none-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/119165182_m_normal_none-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/119165182_m_normal_none-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Judge Analisa Torres rules XRP token is a not a security.<\/li>\n<li>Coinbase will resume trading in XRP in the next few minutes.<\/li>\n<li>XRP nearly doubled in value following the ruling today.<\/li>\n<\/ul>\n<p>\u201c<a href=\"https:\/\/coinjournal.net\/search\/xrp\">XRP<\/a>\u201d \u2013 the native token of Ripple Labs nearly doubled in value on Thursday after the crypto company secured a \u201chuge win\u201d against the U.S. Securities and Exchange Commission.<\/p>\n<h2>U.S. judge rules XRP is not a security<\/h2>\n<p>Judge Analisa Torres of a U.S. District Court concluded the <a href=\"https:\/\/www.investopedia.com\/sec-vs-ripple-6743752\" target=\"_blank\" rel=\"noopener\">case<\/a> today that has been dragged for three years now with a ruling that XRP is \u201cnot\u201d a security.<\/p>\n<blockquote>\n<p>Defendants\u2019 motion for summary judgement is GRANTED as to the Programmatic Sales, the Other Distributions, and Larsen\u2019s and Garlinghouse\u2019s sales, and DENIED as to Institutional Sales.<\/p>\n<\/blockquote>\n<p>The decision is a victory not just for Ripple but the crypto market at large that surpassed $1.20 trillion just hours after the ruling.<\/p>\n<p><a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin<\/a> was seen trading above $31,500 and <a href=\"https:\/\/coinjournal.net\/news\/tag\/ethereum\/\">Ethereum<\/a> topped the $2,000 level.<\/p>\n<h2>Coinbase to resume trading in XRP<\/h2>\n<p>Reacting to the ruling, <a href=\"https:\/\/coinjournal.net\/exchanges\/coinbase\/\">Coinbase<\/a> \u2013 the largest U.S. crypto exchange also confirmed on <a href=\"https:\/\/twitter.com\/CoinbaseAssets\/status\/1679575239657758721?t=oUjJsgPbgEWuAQMYOaGPng&amp;s=08\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> that trading will resume in XRP later today.<\/p>\n<p>Note that the win Ripple has secured against the SEC on Thursday bodes well for other crypto companies as well that are currently facing intense regulatory scrutiny. That includes Coinbase itself.<\/p>\n<p>Also this morning, the <a href=\"https:\/\/www.ft.com\/content\/1d1de06a-a904-4db3-9017-4c061bd6854d\" target=\"_blank\" rel=\"noopener\">Financial Times<\/a> confirmed that Jacobi Asset Management is all set to debut the Europe\u2019s first Spot Bitcoin ETF on the Euronext Amsterdam before the end of 2023. That also helped buoy the cryptocurrencies today.<\/p>\n<p>In the U.S., heavy weights including <a href=\"https:\/\/coinjournal.net\/news\/blackrock-ceo-larry-fink-crypto-digitalising-gold\/\">BlackRock<\/a> are awaiting approval for a similar exchange-traded fund.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/ripple-wins-sec-case-xrp-not-a-security\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Judge Analisa Torres rules XRP token is a not a security. Coinbase will resume trading in XRP in the next few minutes. XRP nearly doubled in value following the ruling today. \u201cXRP\u201d \u2013 the native token of Ripple Labs nearly doubled in value [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":22270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22269"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22269"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22270"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}