A New York court ruled on Thursday that Ripple's sale of XRP tokens on exchanges and through algorithms does not constitute an investment contract, but that the institutional sale of tokens violates federal securities laws. Judge Torres said that Ripple's Programmatic Sales, other distributions and XRP sales of Larsen and Garlinghouse do not constitute investment contracts.
Did Ripple Win or Lose in Court Today? Yes
One of crypto’s biggest debates — what should and shouldn’t count as a security in the eyes of US regulators — turned promising for retail-facing projects after a key legal ruling on Thursday. But like many things involving the sector, the decision wasn’t completely clear-cut.
XRP tops Bitcoin on Upbit with $2.6B of trading volume in 24 hours
https://cointelegraph.com/news/xrp-tops-bitcoin-on-upbit-with-2-6b-in-trading-volume-in-24-hours
Trading volume of XRP XRP $0.78 tokens on the South Korean crypto exchange Upbit has surpassed Bitcoin BTC $31,174 in the past 24 hours. The XRP/KRW trading pair saw $2.6 billion in trading volume in the last 24 hours following Ripple’s partial win against the United States Securities and Exchange Commission (SEC) in its long-running court battle
XRP Short Traders Log Highest Losses in 2023 After Landmark Court Ruling
A landmark court ruling drove XRP prices to nearly double in the past 24 hours before receding during the early Asian trading hours on Friday, with XRP shorts losing the most money so far this year.