Ripple wins ruling that XRP is not a security, causing a short-term increase of over 15% in XRP price.

According to market news on July 13th, Ripple won the ruling that XRP is not a security, causing a short-term rise of over 15% in XRP, which is now priced at $0.5432. On May 14th, Ripple's Chief Legal Officer, Stuart Alderoty, sharply criticized the US Securities and Exchange Commission (SEC) and emphasized the SEC's continued misunderstanding of the law based on historical examples. On May 8th, Ripple's CEO, Brad Garlinghouse, stated at the Dubai Fintech Summit that Ripple had spent $200 million in defense against the SEC lawsuit, which he believes was not very meaningful from the beginning.