Ruling on Ripple Seen as Victory for Crypto

A federal judge's decision regarding XRP tokens has sparked excitement and optimism, as it could significantly impact the SEC's jurisdiction over digital tokens. The ruling states that XRP tokens sold to the general public are not securities, while those sold to institutional investors are. This decision comes amid the SEC's crackdown on digital tokens, potentially narrowing their scope. The market reacted positively, with Ripple's XRP token surging in value. The SEC is reviewing the decision, which may shape future legal interpretations.

What was the immediate market reaction to the federal judge's decision regarding Ripple Labs?

• The value of XRP decreased by 80%

• The value of XRP remained stable

• The value of XRP was unaffected

• The value of XRP increased by 80%

According to the judge's decision, which type of XRP sales are considered securities?

• Sales to retail investors

• Sales to international buyers

• Sales to institutional investors

• Sales to the general public

What legal test did the judge use to determine the nature of XRP sales to institutional investors?

• The Public Offering Test

• The Investment Contract Test

• The Securities Exchange Test

• The Howey Test

How might the judge's decision affect the SEC's jurisdiction?

• It could eliminate the SEC's jurisdiction

• It could expand the SEC's jurisdiction

• It could narrow the SEC's jurisdiction

• It has no impact on the SEC's jurisdiction

What is the SEC's current stance following the judge's decision?

• The SEC has accepted the decision

• The SEC has ignored the decision

• The SEC is reviewing the decision

• The SEC has appealed the decision