XRP was last lower by more than 9% at 52 cents a coin, according to Coin Metrics.
Ripple, the largest holder of XRP coins, scored a partial victory last summer after a three-year battle with the SEC.
U.S. District Judge Analisa Torres handed down the decision, which was hailed as a landmark win for the crypto industry.
Still, while XRP isn't considered a security when sold to retail investors on exchanges, it is considered an unregistered security offering if sold to institutional investors.
XRP, which was created by the founders of Ripple, is the native token of the open source XRP Ledger, which Ripple uses in its cross-border payments business.
Persons:
XRP, Analisa Torres, XRP isn't, Brad Garlinghouse, Stuart Alderoty, Alderoty, Gary Gensler, Garlinghouse
Organizations:
Securities and Exchange Commission, SEC, U.S, District, Bitwise Asset Management
Locations:
Paris, France, Delaware