Kathryn Haun, CEO of Haun Ventures and former general partner at Andreessen Horowitz, believes that the recent Ripple ruling drew a reasonable line and is an overall good outcome for the industry.

Legal experts also share this opinion, with the court distinguishing between XRP itself and certain transactions involving institutional investors.

Haun sees this ruling as setting a precedent for upcoming cases against the SEC, stating that tokens are never "investment contracts" on their own. She is optimistic that more outcomes like Ripple's are coming and that Congress should ultimately decide how cryptocurrencies will be treated in the US.

The SEC is currently reviewing the decision, and while an appeal is possible, Haun believes it is unlikely to happen right away.