XRP Soars as Regulatory Victory Boosts Altcoin Market
The recent U.S. court ruling declaring XRP not a security has led to a surge in its price, spurring growth in the altcoin market.
The recent U.S. court ruling declaring XRP not a security has led to a surge in its price, spurring growth in the altcoin market.
Major cryptocurrencies experienced a decline after the release of positive U.S. economic data.
Ripple is hopeful that US banks and financial institutions will start using its XRP token for cross-border payments following a recent ruling that determined the token is not necessarily a security.
SEC Chair Gary Gensler shares his thoughts on the court ruling regarding Ripple’s XRP token, expressing satisfaction with the classification as a security for institutional investors while expressing disappointment in aspects related to retail investors.