Ripple emerged victorious in its legal battle against the SEC, which accused the company of selling security-like XRP tokens to investors. The recent court ruling in Ripple's favor has caused a surge of enthusiasm in the cryptocurrency industry.

JPMorgan analysts believe that this judgment could also benefit Coinbase in its ongoing lawsuit with the SEC, as it may be more challenging for the regulator to prove that the 13 tokens traded on the exchange are securities.

However, the analysts caution that the SEC can still appeal the Ripple decision, and Ripple CEO Brad Garlinghouse believes that such an appeal could take years.