The ruling came on summary judgment, which, however, has been dragging on since 2020. This is what the top cryptocurrencies on Coingecko looked like at around 23.40 Moscow time, for example:
Earlier, the largest cryptocurrency exchange Binance announced the
the delisting of Ripple Labs’ XRPUP and XRPDOWN assets. However, amid a market rebound on July 13, Coinbase announced the release of XRP. And Canadian crypto exchange BitBuy secretly added trading pairs with XRP coin even before the court ruling – a year and a half after the delisting.
Bitcoin and ether began to rise in value amid the news from the court, reaching at one point marks of $31750 and $1997 respectively. The excitement is driven, among other things, by hope for the strength of U.S. case law and the expectation to get most digital coins recognized as non-securities;
The day before, a New Hampshire district court declined to clarify: whether or not the LBC token of decentralized platform LBRY traded on the secondary market is considered a security.
The news story has been updated.