Ripple's Legal Tussle With SEC Sparks Debate In Crypto Community, Ruling Triggers Rally In SOL, ADA, MATIC
Portfolio Pulse from Murtuza Merchant
A court ruling in the Ripple vs. SEC case determined that Ripple's sales cannot be classified as investment contracts, sparking reactions from the crypto community. The ruling is seen as a significant win for Ripple and the broader crypto industry. Following the ruling, tokens deemed unregistered securities by the SEC, including Solana, Cardano, and Polygon, posted double-digit gains.
July 13, 2023 | 7:45 pm
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POSITIVE IMPACT
Cardano's token price posted double-digit gains following the Ripple court ruling.
The Ripple court ruling has had a positive impact on other tokens deemed unregistered securities by the SEC, including Cardano. This has led to a significant increase in Cardano's token price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Polygon's token price posted double-digit gains following the Ripple court ruling.
The Ripple court ruling has had a positive impact on other tokens deemed unregistered securities by the SEC, including Polygon. This has led to a significant increase in Polygon's token price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Solana's token price posted double-digit gains following the Ripple court ruling.
The Ripple court ruling has had a positive impact on other tokens deemed unregistered securities by the SEC, including Solana. This has led to a significant increase in Solana's token price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The court ruling in favor of Ripple is a significant win for the company and could potentially boost its token price.
The court ruling deeming Ripple's sales not as investment contracts is a significant legal victory for the company. This could potentially boost investor confidence and lead to an increase in the price of XRP.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100