币界网报道：XRP dropped over 10% to $0.47 after a U.S. judge denied Ripple Labs' motion to dismiss the SEC's lawsuit alleging the company conducted an unregistered securities offering through XRP sales. Judge Analisa Torres rejected Ripple's fair notice defense, ruling the SEC sufficiently alleged Ripple failed to register XRP as a security. The SEC claims Ripple raised $1.3 billion via unregistered XRP sales since 2013. Ripple maintains XRP is a currency, not a security. The ruling allows the case to proceed to trial, increasing regulatory uncertainty for XRP. The token's price decline reflects market concerns over the prolonged legal battle's outcome. Ripple CEO Brad Garlinghouse called the SEC's actions an attack on crypto innovation, while legal experts note the case could set important precedents for cryptocurrency regulation. The next key date is February 20, when both parties must submit a joint briefing schedule.