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Fortune

Jeff John Roberts

The crypto industry desperately needed a break—and this week it got a big one

Crypto Ripple Gary Gensler SEC Coinbase Paul Grewal XRP

Illustration of XRP logo (Credit: Avishek Das—SOPA Images/LightRocket/Getty Images)

Wow. A federal judge finally XRP tokens it sold were unregistered securities. That's not how it turned out.

On Thursday, a federal judge ruled the Securities and Exchange Commission had gotten it wrong, and that "the vast majority of individuals who purchased XRP from digital asset exchanges did not invest their money in Ripple at all." The effect on the crypto markets was electric.

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