After the legal victory by Ripple Labs, Coinbase Global Inc shares jumped nearly 25% on Thursday, ahead of other cryptocurrency and blockchain companies.

A U.S. district judge ruled Thursday that Ripple Labs did not violate federal securities law by selling its XRP token on public exchanges, a move that boosted the token's value by 74%. The Securities and Exchange Commission (SEC) had accused Ripple Labs and its current and former managers of selling unregistered securities in a $1.3 billion offering for XRP, created in 2012

Shares of Coinbase, which is also involved in litigation with the SEC over its cryptocurrency token trade, jumped 24.5% on Thursday following the ruling, ending at $107. Riot Platforms Inc jumped 15%, Marathon Digital Holdings Inc grew 14.5%, and Microstrategy Inc gained 11.7%. Hut 8 Mining Corp rose by 17.7%

Bitcoin, the world's largest cryptocurrency, was last up 4.1% to 31,584, while Ethereum, the world's second-largest cryptocurrency, rose 6.43% to $1,993.3.