TL;DR

• Ripple had several partial legal victories against the SEC in 2023, including a ruling favoring its XRP sales and the clearing of its executives from allegations.
• The court’s decisions led to positive market reactions for XRP, with major cryptocurrency exchanges re-listing the token.
• The final trial in the Ripple-SEC lawsuit is set for April 2024, with outcomes eagerly awaited by the cryptocurrency sector, as they could significantly influence the market and regulatory environment.

Ripple’s Winning Streak in 2023

The whole fiasco between Ripple and the United States Securities and Exchange Commission (SEC) started in December 2020. Back then, the watchdog fired the first shot, accusing the blockchain enterprise of selling XRP (the native token of the entity) in an unregistered security offering.

That action caused a heated battle, with both sides showing no signs of stepping back. Years passed by until one of the organizations took the upper hand. This happened in July 2023 when US Federal Judge Analisa Torres ruled that Ripple’s XRP sales to retail investors did not constitute an offer of investment contracts. Unsurprisingly, the court’s decision positively affected the price of the token, which briefly surpassed $0.80.

It also triggered a wave of support from leading cryptocurrency exchanges, such as Coinbase, Crypto.com, and Kraken, which re-listed XRP on their platforms.

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