Ripple Labs notches landmark win in SEC case over XRP cryptocurrency

FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo/File Photo

(Reuters) -Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges, a U.S. judge ruled on Thursday, a landmark legal victory for the cryptocurrency industry that sent the value of XRP soaring.

XRP was up 75% by late afternoon on Thursday, according to Refinitiv Eikon data.