The final decision was released in the lawsuit between Ripple, the company behind XRP, and the US Securities and Exchange Commission (SEC), which has been ongoing since December 2020. Accordingly, the court judged that the sales of XRP through cryptocurrency exchanges are legal. On the other hand, institutional sales were considered as investment contracts.

However, Ripple was fined $125 million. The SEC initially demanded a $2 billion fine from the court, then reduced this amount to $ 102 million. Ripple, on the other hand, offered to pay only 10 million dollars.

The XRP price soared after the penalty was determined and the decision was now definitive. While the cryptocurrency was traded at $0.50, it was $0.54, up about 8 percent in minutes.