Wealth advisor Mickle has raised concerns about the broader impact of Judge Torres' recent ruling on XRP's secondary market trading, noting that it doesn't set a binding precedent for other courts. While the decision that XRP is not a security in secondary transactions is significant for the crypto industry, Mickle points out that other courts are not obligated to follow it.

Legal expert Bill Morgan clarified that the ruling focused on Ripple’s programmatic sales, not secondary market sales, limiting the SEC's ability to appeal. The judge found Ripple's sales practices were not securities transactions, but institutional sales violated securities laws.

Despite not being binding, the ruling is influencing other cases, such as Judge Amy Jackson's dismissal of SEC claims against Binance’s BNB token, showing its potential impact on future legal decisions in the crypto space.