🟡 On July 13, 2023, Ripple achieved a partial legal victory over the U.S. Securities and Exchange Commission (SEC). Judge Analisa Torres ruled that XRP itself is not a security. She also ruled that certain transactions involving XRP, which the SEC considered securities, are not.
🟡 The market is awaiting the final decision from Judge Torres in the case of Ripple vs. the SEC. XRP’s price has been rising amid these expectations. The overall open interest in XRP futures has increased by more than 19%, reaching $1.18 billion.