XRP tops Bitcoin on Upbit with $2.6B of trading volume in 24 hours

Trading volume of XRP (

On July 13, Judge Analisa Torres issued a summary judgment in favor of Ripple Labs, ruling that the XRP token is not a security. However, the ruling refers only to the token’s sales on digital asset exchanges. The judgment was greeted with relief by the XRP community, as the SEC lawsuit filed in 2020 forced several crypto exchanges in the U.S. to delist the XRP token. Coinbase, Kraken, OKX, Gemini and other exchanges have already announced relisting plans.

The crypto community celebrated the win, with many describing it as a watershed moment, while others cautioned it was only a partial victory. Stephen Palley, a lawyer, noted that the summary judgment is only partial and that the ruling by Torres may not set a precedent. He also reminded the crypto community that the SEC may very well appeal the judgment.

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