XRP: Ripple "Defeats" SEC
XRP NOT A SECURITY AFTER ALL
Here is the summary of what's happened.
- A judge in the Southern District of New York ruled that Ripple's XRP token is "not necessarily a security on its face."
- The ruling caused the price of XRP to surge by 71% at the point of writing this.
- Other altcoins also saw gains, with Polygon's MATIC token rising 17.82%, Litecoin and Solana jumping 18.35%, and Cardano's ADA token advancing 20.31%, and of course Stallar XML pumping 64%.
- Bitcoin and ether also got a boost, rising more than 4% and 6%, respectively.
- Coinbase tweeted they will relist XRP!
- The ruling could have implications for other ICOs and exchanges that have been caught up in SEC cases.
At the point of posting this, Asia is still asleep. I am excited to see the Korean green candles whey they awake and realise what's happened. We are looking forward to a great summer and autumn season this year. I think this potentially signals the start of the next bull market, unless something drastically tragic occurs to bring the mood down again.
Not financial advice, do your own research.
Peace & Love,
Adé