In a significant victory for Ripple Labs, the United States district court in the southern New York district ruled in their favor on July 13th, dismissing a case brought by the SEC dating back to 2020. Judge Analisa Torres granted summary judgment, declaring that Ripple’s XRP token is not a security. The SEC’s lawsuit aimed to halt Ripple from offering XRP, claiming it was a security and required additional regulation. The court’s decision was in favor of Ripple, except for the Institutional Sales, allowing them to continue their operations. This ruling has important implications for the future of XRP and the broader cryptocurrency industry.

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    Intro 00:00
    XRP news is so important 00:30
    Ripple news 1:00
    Thoughts on ADA not a security 3:55
    Ripple news summed up 4:45
    XRP price technical analysis 7:00
    XRP targets and resistance 9:00
    Bitcoin price analysis 12:40
    Cardano price analysis 13:15

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    In a significant victory for Ripple Labs, the United States district court in the southern New York district ruled in their favor on July 13th, dismissing a case brought by the SEC dating back to 2020. Judge Analisa Torres granted summary judgment, declaring that Ripple’s XRP token is not a security. The SEC’s lawsuit aimed to halt Ripple from offering XRP, claiming it was a security and required additional regulation. The court’s decision was in favor of Ripple, except for the Institutional Sales, allowing them to continue their operations. This ruling has important implications for the future of XRP and the broader cryptocurrency industry.

    49 Comments

    1. SEC about to look like an absolute joke in hindsight after all the dust settles and we have laws passed that are comprehensive common sense regulations πŸ˜‚

    2. Market is down still, I've been looking up strategies and apparently both bull and bear market condition provides equal avenue to accrue massive gains, and a news article particularly mentioned a 54 year old that made $180k in 5weeks, how do I learn these strategies, my portfolio has been stagnant for months.

    3. I'm new to cryptocurrency and I don't understand how it really works.Can someone guide me on the right approach to investing and making profit from cryptocurrency investment?

    4. What’s even more striking is that it’s a summary judgement, ie. it’s so obvious that a full trial is not necessary. Mega lol.

    5. it's okay, the market has been very tough recently and you did your best. i'm starting to think about selling all of my coins for tether ans ADA200Tnow too

    6. XRP is the chosen asset for God’s Chosen ChildrenπŸŽ‰πŸŽ‰πŸŽ‰πŸŽ‰πŸŽ‰πŸŽ‰πŸŽ‰πŸŽ‰πŸŽ‰πŸŽ‰God Bless our XRP Soul FamilyπŸ™πŸ»βœ¨

    7. This is only the beginning, SEC has the opportunity to counter, but I am overall bullish for XRP and the digital asset environment.

    8. Are you watching Benjamin Cowen "HIDE" whats happenibng with XRP and what it means for ADA …. one cant help feeling he is paid

    9. surely xrp price will go up, and all related name on it. Check bitcoin and all related name on btc, it all go upwards. But b4 they say it's a scam. DYOR. old xrpc.

    10. No altcoin is a security. They give you no claim on earnings, cash, corporate assets, dividends, ownership, or any standing in bankruptcy. They might as well be Chuck E Cheese tokens. You have no right other than the right to buy and sell the coin from and to others.

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