Ripple Ruling ‘Decimates’ SEC’s Case Against Coinbase: Gemini CEO

The XRP win in the massive Ripple ruling that came about with Judge Analisa Torres declaring that all secondary sales of XRP are not investment securities, has fueled a lively thesis by leading figures in the bigger digital currency sector. Gemini co-founder and CEO Cameron Winklevoss took to his Twitter account and remarked that Judge Torres’ ruling “decimates” the lawsuit brought by the United States Securities and Exchange Commission (SEC) against Coinbase, significantly increasing the regulatory clarity for XRP and setting a precedent.

As tokens are created with open-source algorithms, the qualification of XRP could also forecast the path in the long run for other digital currencies like Cardano (ADA), Solana (SOL), Polygon (MATIC) and Filecoin (FIL) amidst claims of them being characterized as securities. Price upticks show that market players are highly headed in response to the Ripple ruling, with the governing markets posting a powerful 6.31% rise in combined market capitalization to reach a landmark figure of $1.26 trillion.

Robert Wilson author
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