XRP and the Ripple ruling: the egg that hatched the SEC
After years of legal battle between Ripple and the American SEC, a verdict was reached in 2024 that is considered a significant partial victory for the crypto. The ruling clarified that some XRP sales do not constitute securities – and that changed everything.
Thank you for reading this post, don't forget to subscribe!Background: the legal battle
In 2020 the SEC sued Ripple alleging that the sale of XRP was a sale of unregistered securities. Ripple denied the claims, arguing that XRP is a digital currency and not a security. The trial dragged on for years and caused great uncertainty that affected the price of XRP.
What did the court decide?
Judge Analisa Torres ruled that sales of XRP to the public on the secondary market do not constitute an offering of securities, while direct institutional sales of Ripple may differ. This distinction was invaluable to the entire crypto market.
Impact on XRP price
Immediately after the ruling, XRP price jumped more than 70% within hours. Exchanges that removed XRP have returned to offering it. In 2025, XRP continued to rise and re-entered the list of the 5 largest coins by market capitalization.
Lateral implications
The ruling joined the broader discourse on crypto regulation. Questions such as what defines a digital security, and what regulation is appropriate for bitcoin vs. ethereum vs. altcoins, are on the agenda of lawmakers and regulators around the world. Read about the regulation in Israel.
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