XRP is successfully classified as a non-security in the US after Ripple’s court victories against the SEC.Post-victory, XRP’s price surged with varied future value predictions; ChatGPT points to potential factors for a future bull run.his two cents on the court victories secured by the blockchain enterprise in its legal battle against the US Securities and Exchange Commission and the benefits they brought to XRP.
Recall that a federal judge ruled that Ripple’s XRP sales from years ago did not constitute an offer of investment contracts. Most recently, the magistratesAlderoty maintained that the US authorities still need to implement comprehensive rules on the local cryptocurrency industry despite Ripple’s partial win.
“In the US, unfortunately, we’ve lost our way, and we’ve lost our way because we have politics and power being elevated over sound policy, meaning we have certain agencies who are fighting over who is going to get to control from a regulatory perspective the technology rather than satisfy what the right policy outcome is.”The coin’s substantial price surge shortly after Ripple’s court wins gave investors hope that a further increase might be on the horizon.
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