Thinking about that XRP court ruling. From what I can tell, the SEC has some good arguments on appeal. So it likely heads there next.

The court basically found that sometimes a crypto isn’t a security when the same crypto is a security to other people.

Not a decision I expected. Let’s see what happens on appeal.

If that decision is allowed to stand, I suspect the SEC (or congress) will be forced to provide more detailed guidance and the older shitcoins will be beneficiaries. That might extend the crypto wars a while longer.