‘Landmark Ruling’: XRP, Coinbase Surge As Investors Take Favorable View Of Decision In SEC vs Ripple

Ripple Labs Inc. won what looks like a partial victory in the suit against it by the Securities and Exchange Commission, sending cryptocurrency prices sharply higher, as Judge Analisa Torres ruled that some cryptocurrency transactions do not count as securities sales. Although the district court decision is not binding elsewhere, it does indicate that the SEC’s insistence that most digital assets are securities that should be registered–which is impossible to do under current regulations–can be successfully challenged.