Ripple Labs' recent court victory against the SEC has been seen as a setback for the regulator's "war on crypto," but lawyers caution that it is not a definitive win for the industry or the company. The ruling determined that XRP is not a security when sold to the general public, leading to a surge in the token's price and optimism for crypto exchanges Coinbase and Binance in their respective lawsuits.

However, lawyers warn that the ruling is only partial and not legally binding, and the SEC may appeal the decision, potentially leading to a reversal by a higher court. Additionally, Ripple still faces the SEC's claim that its CEO and co-founder aided and abetted the institutional sale of XRP.