So, yesterday we finally had the court's decision on SEC vs Ripple, and Ripple was somewhat the winner. They didn't win fully, but the SEC definitely lost the case. The ruling was that any XRP sold on exchanges was not considered a security because the buyers didn't know from whom they were buying. Therefore, they did not intend to invest in Ripple as a company, but rather in XRP itself. However, XRP sold to funds through peer-to-peer transactions was considered unlicensed securities because the funds buying them knew from whom they were buying and intended to directly invest their money in the company. This ruling seems reasonable, and my take here is that the job of the SEC to hunt down cryptocurrencies and exchanges becomes a lot harder because we now have a due process, and every time such a case reaches a courtroom, this ruling will be precedent.What does that mean for crypto? Well, some people started saying that this ruling will trigger the next bull run. However, I disagree. The bull run cannot be started by news like this alone. Yes, crypto is a highly speculative asset, and bullish news can increase prices, but it's not enough for a full-fledged bull run. For a bull run to happen, we need hype and a substantial amount of money coming in from both institutional and retail investors. And currently, that isn't happening. We are only seeing altcoins experiencing losses while Bitcoin's price rises and its dominance increases.So, in my opinion, yes, the Ripple news is wonderful for the cryptocurrency space as it changes the perspective of ignorant people. However, for a bull run to start, we must either witness a dramatic change in the financial system or an event that brings more money to people, prompting them to invest in cryptocurrencies.
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From @steemychicken1