The recent SEC vs. Ripple ruling has boosted Coinbase’s confidence in its legal battle. The court’s decision categorizing XRP token purchases on crypto exchanges as non-securities transactions may strengthen Coinbase’s defense. However, the ruling stated that sales of XRP to sophisticated investors or institutional clients are considered securities transactions, affecting Coinbase’s institutional trading platform goals. Despite this setback, investors and analysts see Ripple’s partial victory as a positive sign for the cryptocurrency market.