Broker Bernstein highlighted that while the U.S. district court found institutional sales of Ripple’s (CRYPTO: XRP) token to be in violation of securities law, the fact that it’s not considered a security when sold through exchanges or programmatic sales is a major victory for the crypto industry.
Other observers, including analysts at Gautam Chhugani, noted that the recent ruling alleviates the “securities overhang on tokens sold on exchanges,” and provides “major relief for all tokens sold on secondary platforms.”
