long awaited SEC-Ripple The expected decision in the case came and the case ended with the victory of XRP.
In the court decision XRP While stating that the sale of the token on exchanges is not a security, it decided that institutional sales of XRP violated the securities law.
According to the news of Coindesk, evaluating the court’s decision Bernstein analysts of this decision in their report cryptocurrency He said it was a landmark decision for the 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 great 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.
Analysts on this “This XRP decision by the court undermined the SEC’s stance that securities law is clear and no separate clarity is required for cryptocurrencies.” said.
Finally, analysts XRP Reiterating that his decision is a landmark decision for crypto, he said he expects institutional investors, who have moved away from cryptocurrencies due to regulatory pressure, to rekindle interest in crypto.
*Not investment advice.
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