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 evidence did the judge find lacking in the SEC's case against Ripple Labs?

What implications does the judge's decision have for the SEC's jurisdiction over digital tokens?