On July 13, 2023, a U.S. court determined that XRP, the cryptocurrency associated with Ripple, is not considered a security when sold on public exchanges. This landmark decision marked a significant victory for Ripple in its ongoing legal battle with the Securities and Exchange Commission (SEC), which had accused the company of conducting an unregistered securities offering. The ruling provided clarity for XRP's status in the cryptocurrency market, potentially influencing regulatory approaches to other digital assets.