XRP court ruling marks milestone, but new crypto law could take years By Cointelegraph

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XRP court ruling marks milestone, but new crypto law could take years

Published Jul 24, 2023 09:01AM ET Updated Jul 24, 2023 11:00AM ET

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XRP court ruling marks milestone, but new crypto law could take years

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The recent court ruling that Ripple’s XRP (XRP) token is not considered a security when sold on digital asset exchanges has sparked a wave of positive sentiment across the cryptocurrency ecosystem.

Stuart Alderoty, chief legal officer at Ripple, told Cointelegraph that he believes the most important part of this ruling is that the court unequivocally said XRP is not, in and of itself, a security. Given this, Alderoty noted that the XRP ruling is now a matter of law and not up for trial.

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