Ripple ruling bodes well for Coinbase Global, altcoins (Cryptocurrency:XRP-USD)

A U.S. judge’s ruling helped buoy the cryptocurrency sector on Thursday, especially alt-coins such as solana (SOL-USD), cardano (ADA-USD), and litecoin (LTC-USD). The ruling found that Ripple Labs’ crypto asset XRP (XRP-USD) can be considered a security in some cases and not a security in others.

Whether an asset is considered a security is important, because that would decide whether the Securities and Exchange Commmision has the authority to regulate the trading of the assets. And that means the exchange and the entity issuing the security would be subject to a raft of regulations.