Coinbase Global Inc shares rose nearly 25 percent on Thursday, outperforming other cryptocurrency and blockchain-related companies, after a landmark victory in a lawsuit involving blockchain company Ripple Labs Inc.

A U.S. district judge ruled Thursday that Ripple Labs did not violate federal securities laws by selling its XRP token on public exchanges, a decision that sent the token’s value soaring 74%.

The US Securities and Exchange Commission (SEC) accused Ripple Labs and its current and former executives of selling unregistered securities in a $1.3 billion offering of the XRP token created in 2012.

This is the first time a U.S. judge has ruled against the SEC, arguing that a cryptocurrency token is a security and subject to strict investor protection rules, which is encouraging for the future of the cryptocurrency market.

Shares of Coinbase, which is also embroiled in a lawsuit with the U.S. Securities and Exchange Commission over cryptocurrency token trading, rose 24.5 percent on Thursday after the ruling to hit $107. Riot Platforms Inc jumped 15%, Marathon Digital Holdings Inc rose 14.5% and Microstrategy Inc gained 11.7%. Hut 8 Mining Corp added 17.7%.

Coinbase said it will once again allow XRP token trading on its platform in line with the court ruling.

Bitcoin, the world’s largest cryptocurrency, rose 4.1% to 31,584, while Ethereum, the world’s second-largest cryptocurrency, climbed 6.43% to $1,993.3.