The crypto market was on fire on Thursday afternoon after a judge ruled that Ripple (CRYPTO: XRP) is not a security (in most cases).

The U.S. Securities and Exchange Commission (SEC) has been in a battle against cryptocurrencies this year, but the first case to actually make it to court and nearly to trial is the SEC's suit against Ripple, which was filed in December 2020. There are still questions about how this applies to other tokens and whether the ruling will hold up, but for now, it's a huge win for the industry. 

Altcoins are popping the most today, but the big tokens are making nice gains as well. Bitcoin (CRYPTO: BTC) is up 4.7% in the last 24 hours as of 4 p.m. ET, Ethereum (CRYPTO: ETH) has risen 7.1%, and Dogecoin (CRYPTO: DOGE) is up 7%. 

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Source Fool.com