The price of Ripple just shot up by 20% as a US judge ruled in their favour:
https://twitter.com/WatcherGuru/status/1679514784637636608
- WatcherGuru
“XRP, as a digital token, is not in and of itself a "contract, transaction[,] or scheme" that embodies the Howey requirements of an investment contract.” - Judge Torres
This case dates back to 2020, so Ripple holders have had a long nerve-wracking wait for this day. The price got pummelled as Ripple got delisted from many exchanges, and the price jump after the ruling doesn't come close to getting Ripple holders back to where they were in 2020.
But perhaps this ruling is the start of a bull run for altcoins. Because if Ripple is not a security, maybe some of the other alts labelled by the SEC as securities are not securities either?