On Thursday, U.S. Judge Analisa Torres ruled that XRP tokens do not qualify as securities. Following the news, the value of the stock has nearly doubled. Coinbase – the largest U.S. crypto exchange – confirmed on Twitter that XRP trading will be resumed later today.

The ruling is a huge win for crypto company Ripple and the crypto market has reached $1.20 trillion within hours of the decision. Bitcoin’s price was above $31,500 and Ethereum was part of the 2,000-dollar club.

It is also good news for other crypto companies, such as Jacobi Asset Management, which is planning to launch Europe’s first Spot Bitcoin ETF on the Euronext Amsterdam before the end of 2023. U.S. heavyweights, such as BlackRock, are also awaiting approval to launch a similar Exchange-Traded Fund.

The decision is a success for everyone involved and a sign that cryptocurrencies are becoming increasingly popular.