Ripple Wins Partial Victory in SEC Case

Ripple Labs has achieved a partial victory in its legal battle with the SEC, with Judge Analisa Torres ruling that XRP is not a security and significantly reducing the SEC's demanded fine from $2 billion to $125 million. This ruling allows Ripple to continue its institutional sales of XRP, particularly through its On-Demand Liquidity (ODL) service, under certain exemptions. The XRP community celebrated the decision, which has led to a 23% surge in XRP's price. Despite the legal challenges, XRP remains resilient, maintaining its position in the top 10 cryptocurrencies by market capitalization. Analysts predict that the recent regulatory clarity might pave the way for an XRP ETF approval, potentially boosting its market value even further. The SEC is expected to appeal the ruling.