Dear Bankless Nation,
Gary Gensler and his SEC cronies are down bad after a summary judgment in the SEC v. Ripple Labs case today signaled that XRP, the digital token, is not a security. The news sent XRP prices soaring and pushed up plenty of other crypto assets as well.
Today, we unpack the ruling, showcasing the winners, losers and lingering uncertainties availed by this latest development.
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