The long-awaited decision in the SEC-Ripple case has come, and the case has resulted in the victory of XRP.
The court ruled that while the sale of the XRP token on exchanges is not a security, the institutional sales of XRP violates the securities law.
According to the news of Coindesk, Bernstein analysts, who evaluated the court's decision, said in their report that this decision is a landmark decision for the crypto money industry.
Analysts led by Gautam Chhugani included the following statements in their report:
“The court's decision in favor of XRP reduces the risk of being considered securities in tokens sold on exchanges.
The decision was also a huge relief for all tokens sold on exchanges.”
Bernstein analysts also pointed out that the court's XRP decision highlights the need for regulation for the cryptocurrency industry.
“This XRP decision by the Court undermines the SEC’s stance that securities law is clear and no separate clarity is required for cryptocurrencies,” analysts said.
Analysts finally reiterated that the XRP decision is a landmark decision for crypto, saying that he expects institutional investors who have moved away from cryptocurrencies due to regulatory pressure to rekindle interest in crypto.
*Not investment advice.