CTFC Commissioner Caroline Pham believes Ripple's latest partial victory paves the way for regulatory clarity regarding cryptocurrencies in the US. Pham expressed optimism that major court decisions on cryptoasset classification will provide regulatory clarity. In the ongoing court battle between Ripple and the SEC, Ripple has achieved a partial victory. The court ruled that XRP is not a security when sold to retail investors on digital asset exchanges. Commissioner Pham emphasized the importance of tokenizing real-world assets (RWAs) and said that this technology could be leveraged to modernize financial markets.