The past seven days will go down in history as the week when Ripple scored a massive win in court against the United States Security and Exchange Commission. In fact, the news is so important that it’s hard to talk about anything else. However, it’s worth mentioning that the entire market took to the skies following the development, and BTC is finally trading above $31K, while ETH is above $2K.

Now, let’s dive into some specifics.

More than three years ago, the SEC filed a lawsuit against Ripple, alleging that the company conducted an unregistered sale of securities, essentially claiming that its XRP token constitutes a security. More specifically, the agency also alleged that secondary sales of XRP also constitute investment contracts, pushing many cryptocurrency exchanges to delist it.

Over the years, this has taken a massive toll on XRP as investors were staying away in anticipation of some sort of resolution. And while the case might not be over and headed to trial, Ripple scored a monumental win this week.

US Judge Analisa Torres stated that secondary sales of XRP do not constitute an investment contract. This had immediate implications on the entire industry because other altcoins that were also named in various SEC filings might also be off the hook. A lot of the exchanges that had previously delisted XRP immediately re-listed it.