It didn't lose the whole case, it lost certain summary judgement issues, and prevailed on others, the real case there is still to come.

It was overall a bit of a win for ripple but far from the end of the game.

The ruling published yesterday was just summary judgements which can be appealed. The actual trial hasn't even happened yet.

The trial isn’t interesting. The summary judgment says it’s legal to sell cryptocurrencies if you do so anonymously on retail exchanges, and the tokens also are not securities. Very interesting outcome. The appeals are likely to fail from my reading of various analyses.

> The summary judgment says it’s legal to sell cryptocurrencies if you do so anonymously on retail exchanges, and the tokens also are not securities.

This is a misrepresentation. The ruling says some specific XRP sales by Ripple via exchanges were not investment contracts. It does not say they are not securities, nor does it say that it is broadly "legal to sell cryptocurrencies" on exchanges.

Head of legal for Coinbase disagrees with you:

https://twitter.com/iampaulgrewal/status/1679962578808709122...