The SEC's First Major Setback in Enforcement Actions Against the Cryptocurrency Industry

The Ripple case is the first major setback for the SEC in its decade of trying to enforce against the cryptocurrency industry. The judge held that the XRP token is not a security, so this really goes to the fundamental arguments that the SEC is making in many other cases just to assert their jurisdiction over this market. So it's a very very significant decision due to the fact that Ripple and XRP are such key players in the industry.