Last week, the SEC ruled that $XRP.X is NOT a security, which means there should be no issue with purchasing tokens on an exchange from here on out. Not only that, this ruling has been a huge topic of concern for the crypto community because it was rightfully inferred that more clarity would help legitimize the space overall.

In 2020, the SEC originally sued Ripple because they claimed that Ripple was selling unregistered securities in the form of a token ($XRP.X), which we now know is not the case. Things get tricky, however, because the ruling has not made things more clear, but instead leaves more room for speculation.

So what does this mean for the crypto industry as a whole, and how do we move forward?

Something that has been made quite clear is that Gary Gensler seemingly has it out for crypto. This ruling — from a neutral party — exposes Gensler’s gaslighting by demonstrating that the securities laws as applied to crypto are anything but “clear.”

Without clear guidance on what makes a crypto a security versus what does not, I foresee that there will be many more court cases with the SEC in the future to uncover this mystical question. For now, I'd personally like to see $XRP.X back on the exchanges, and for Gary to be honest with us about why he seems to disdain crypto so much!!