Yesterday a US judge ruled XRP, the cryptocurrency created by Ripple Labs, is not a security (with nuance). This led to a rip in crypto prices, especially in alt-coins (everything except Bitcoin). This likely begins a period of increased regulatory certainty for crypto in the US, something that the industry has been waiting for.
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Ripple Is Not a Security: Markets Rejoice
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Yesterday a US judge ruled XRP, the cryptocurrency created by Ripple Labs, is not a security (with nuance). This led to a rip in crypto prices, especially in alt-coins (everything except Bitcoin). This likely begins a period of increased regulatory certainty for crypto in the US, something that the industry has been waiting for.