SOL, MATIC, ADA Tokens Surge Following XRP Ruling

Bitget App

Trade smarter

Bitget

News

Markets

SOL, MATIC, ADA Tokens Surge Following XRP Ruling

Coindesk2023/07/13 19:14

By:Krisztian Sandor

A federal judge on Thursday ruled he sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts.

Cryptocurrencies that the U.S. Securities and Exchanges Commission (SEC) deemed unregistered securities in last month's lawsuits against Coinbase and Binance have posted double-digit percentage gains on the news of a favorable court ruling regarding Ripple's XRP.

Solana's (), Polygon's (), and Cardano's () are all higher by roughly 15% in Wednesday afternoon action.

In the seminal U.S. Securities and Exchange Commission (SEC) case filed in 2020 against blockchain platform Ripple, a U.S. District Court Judge in the Southern District of New York that the sale of Ripple’s tokens on exchanges and through algorithms did not constitute investment contracts.

While it wasn't a complete victory for Ripple – the judge also ruled that institutional sale of the tokens did violate federal securities laws – the news has sent XRP soaring by 54% in afternoon trade.

Edited by Stephen Alpher.

191

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

AI agents are rapidly evolving toward greater autonomy and intelligence. Once considered mere tools, they have now transformed into intelligent entities capable of independently executing complex tasks. A collaborative ecosystem is emerging, enabling multiple AI agents to work together—not just as assistants, but as decision-makers and operators in challenging environments. Technological advancements, such as improved tool integration and personalized memory capabilities, empower AI agents to perform tasks with greater precision and adaptability. AI agents are making waves in industries like finance, healthcare, and education, offering highly personalized services. As the technology matures, anticipation continues to grow for its implementation in businesses and B2B solutions, with 2025 poised to be a pivotal year for growth and adoption.

Bitget•2024/12/27 06:28