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The cryptocurrency was up 12.6% over the previous 24 hours of trading as of 11:30 a.m. ET. XRP is surging today due to the arrival of a key deadline in a legal case brought by the Securities and ...
The XRP price surge also comes as investors bet on the future of Ripple products. Fox Business reported that the company’s long-awaited stablecoin, RLUSD , is poised for regulatory approval in ...
The SEC has faced recent defeats in the case, including an unexpected ruling by Judge Analisa Torres in July that found that Ripple's sale of XRP on exchanges did not constitute an unregistered ...
An SEC spokesperson declined to comment. Torres’s most recent decision in the SEC’s litigation against Ripple is the latest in a landmark case that could influence the future of crypto in the U.S.
The defendants agreed to turn over all data involving XRP transactions. [33] In July 2023, the district court ruled on the SEC lawsuit, finding that the XRP token sold by Ripple Labs was not a security. However, if sold in institutional sales, or used as a fundraiser, such actions could be classified as a security in those circumstances.
The XRP Ledger peer-to-peer overlay network is characterized by a small-world network topology, featuring a tightly clustered structure and short paths between nodes. [12] Information systems expert Mary Lacity notes that this platform "uses much less electricity than Bitcoin—about as much electricity as it costs to run an email server".
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.
XRP remains stuck in a rut as investors look out for the latest court ruling in the ongoing SEC v Ripple case, which hangs in the balance.