Propel

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<ul>
 <li>A federal judge declared XRP is not a security, benefiting Ripple and the entire U.S. crypto industry.</li>
 <li>The ruling removes uncertainty, making XRP more attractive to institutional investors and banks.</li>
 <li>Analysts predict increased investment in Ripple due to legal clarity, potentially driving up demand and liquidity.</li>
</ul>
<p>Ripple has won the lawsuit against the U.S. Securities and Exchange Commission (SEC), solidifying <a href="https://cryptonewsland.com/ripple-ceo-defends-xrps-non-security-status-amid-sec-appeal-drama/" rel="noopener noreferrer nofollow">XRP’s </a><a href="https://cryptonewsland.com/ripple-ceo-defends-xrps-non-security-status-amid-sec-appeal-drama/" target="_blank" rel="noopener noreferrer nofollow">status</a><a href="https://cryptonewsland.com/ripple-ceo-defends-xrps-non-security-status-amid-sec-appeal-drama/" rel="noopener noreferrer nofollow"> as a non-security</a>. This landmark ruling not only benefits Ripple but also sets a precedent for the entire U.S. crypto industry.</p>
<h2 class="wp-block-heading" id="h-the-court-s-decision">The Court’s Decision</h2>
<p>On July 13, 2024, a federal judge definitively declared that XRP does not violate securities laws in most contexts. This clarity removes uncertainty surrounding XRP’s legal standing, making it an attractive investment option for institutions and banks.&nbsp;</p>
<p>With the legal cloud lifted, institutional investors now have a major green light to engage with XRP and Ripple. Previously hindered by regulatory ambiguity, banks, and financial institutions can now explore XRP as a viable asset.&nbsp;</p>
<p>According to analysts, the ruling could be a catalyst for increased investment in Ripple’s offering. This will potentially drive up demand and liquidity.&nbsp;</p>
<p>The judge’s decision, based solely on legal grounds, underscores the SEC’s apparent bias in prosecuting crypto businesses. Unlike the judge, who impartially applied the law, <a href="https://www.sec.gov/about/sec-commissioners/gary-gensler" rel="noopener noreferrer nofollow">SEC </a><a href="https://www.sec.gov/about/sec-commissioners/gary-gensler" target="_blank" rel="noopener noreferrer nofollow">Chair</a><a href="https://www.sec.gov/about/sec-commissioners/gary-gensler" rel="noopener noreferrer nofollow"> Gary Gensler</a> has faced criticism for his approach.</p>
<h2 class="wp-block-heading" id="h-ripple-s-prospects">Ripple’s Prospects</h2>
<p>The SEC’s ongoing battles with crypto businesses have raised concerns about the industry’s future in the U.S. However, this ruling signals a potential shift in favor of crypto companies.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> has to flip 0.50c &amp; 99MA. <br><br>I feel the <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> monster is hungry for standalone feast &amp; will suck all the liquidity as the only digital asset with legal clarity and regulatory. <a href="https://twitter.com/hashtag/XRPArmy?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRPArmy</a> STAY STEADY <a href="https://t.co/q1pYxNKjtF" rel="noopener noreferrer nofollow">pic.twitter.com/q1pYxNKjtF</a></p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1811984131166748977?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 13, 2024</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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</figure>
<p>Traders eagerly await the ruling’s impact, hoping for a surge in value. Meanwhile, <a href="https://ripple.com/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP</a> will have to flip 0.50c &amp; 99MA to experience a significant price surge as the post above suggests.</p>
<p>Grayscale’s recent successful appeal and pressure from Congress on SEC matters further contribute to this positive momentum. Pro-XRP lawyer Bill Morgan predicts an <a href="https://cryptonewsland.com/ripples-xrp-mirrors-2017-ath-pattern-is-the-new-ath-almost-here/" rel="noopener noreferrer nofollow">all-time </a><a href="https://cryptonewsland.com/ripples-xrp-mirrors-2017-ath-pattern-is-the-new-ath-almost-here/" target="_blank" rel="noopener noreferrer nofollow">high</a><a href="https://cryptonewsland.com/ripples-xrp-mirrors-2017-ath-pattern-is-the-new-ath-almost-here/" rel="noopener noreferrer nofollow"> for XRP</a> in 2024. While exact figures remain speculative, the legal victory could drive XRP’s price upward.&nbsp;</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/ripples-legal-chief-says-lawsuit-win-is-in-the-bag/" rel="noopener noreferrer nofollow">Ripple’s Legal Chief Says Lawsuit Win Is in the Bag</a></li>
 <li><a href="https://cryptonewsland.com/judge-torres-xrp-ruling-prevails-as-law-of-the-land-by-courts-xrp-army-rejoices/" rel="noopener noreferrer nofollow">Judge Torres’ XRP Ruling Prevails as ‘Law of the Land’ by Courts, XRP Army Rejoices</a></li>
 <li><a href="https://cryptonewsland.com/ripples-legal-path-strengthened-xrp-attorney-cites-judge-torres-unreversed-decisions/" rel="noopener noreferrer nofollow">Ripple’s Legal Path Strengthened: XRP Attorney Cites Judge Torres’ Unreversed Decisions</a></li>
 <li><a href="https://cryptonewsland.com/ripples-legal-tug-of-war-intensifies-u-s-district-judge-steps-in-amid-ex-sec-officials-warning/" rel="noopener noreferrer nofollow">Ripple’s Legal Tug-of-War Intensifies: U.S. District Judge Steps in Amid Ex-SEC Official’s Warning</a></li>
 <li><a href="https://cryptonewsland.com/ripple-wins-lawsuit/" rel="noopener noreferrer nofollow">Ripple Wins Lawsuit: Judge Declares XRP Token is Not a Security</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/ripple-wins-big-against-the-sec/" rel="noopener noreferrer nofollow">Could Ripple’s Big Win Against the SEC Propel XRP to a New Explosive ATH?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Could Ripple’s Big Win Against the SEC Propel XRP to a New Explosive ATH?

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