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Following a 10% gain from last week, XRP made further ground this morning. It will all hinge on the Hinman speech-related documents court ruling, however.
XRP is on the move today, testing resistance levels early. Uncertainty over the outcome of the SEC v Ripple case remains, however, ahead of a key ruling.
A majority of Ripple’s employees are still U.S.-based, and Garlinghouse predicts that within 10 years the country finally will adopt a constructive regulatory framework for crypto.
The SEC vs. Ripple Labs lawsuit took a somewhat unexpected turn, breathing new life in the case just before an important deadline.
Many in the industry hoped that a victory in the Ripple case would undermine the SEC's position. Despite the level of scrutiny, Torres's July decision came as a surprise to onlookers.
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The case is SEC v Ripple Labs Inc et al, U.S. District Court, Southern District of New York, No. 20-10832. (Reporting by Jonathan Stempel and Jody Godoy in New York; Editing by Edwina Gibbs)
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