On Thursday, a court ruling in the SEC vs Ripple case declared that XRP was not a security, causing the token to surge by over 70% and bringing Bitcoin closer to its year-to-date high. The SEC had accused Ripple Labs of violating capital raising laws and claimed that XRP was a token, but the judge ruled that while Ripple Labs had broken some laws, XRP was not a financial security.
This decision could have significant implications for how the SEC regulates cryptocurrencies and may allow financial services companies to include Ripple in their ETF proposals. Additionally, falling US inflation could lead to the Federal Reserve ending its recent rate hiking cycle, potentially benefiting the crypto market. AltSignals, a company using AI to provide accurate predictions in the crypto, futures, and forex markets, successfully sold 52.3% of their second stage tokens, raising over $1.17 million.
Investors may want to consider buying AltSignals tokens as the company is already profitable and has received positive user reviews.
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