Ripple and SEC End Legal Battle as XRP Gains Momentum
TL;DR Summary
The week saw Ripple's CEO Brad Garlinghouse announce the company is dropping its SEC cross-appeal, leading to a 3% XRP price increase, while Anthony Pompliano's firm made its first Bitcoin purchase of $386 million. Other highlights include Coinbase aiding in a major crypto seizure, Bitcoin's bullish pennant targeting $165K, and FTX rejecting a $1.5 billion claim from 3AC. The market remains active with notable price movements and regulatory developments.
- Bitcoin 'bull pennant' eyes $165K, Pomp scoops up $386M BTC: Hodler’s Digest, June 22 – 28 Cointelegraph
- SEC, Ripple wants to settle crypto lawsuit, but US judge rebuffs them Reuters
- XRP News Today: XRP Gains as Ripple Ends Appeal—ETF Hopes Ride on SEC’s Next Move FXEmpire
- Ripple, SEC agree to mutually abandon appeals, ending 5-year legal battle CryptoSlate
- Why is XRP Up Today? Trio of Catalysts Sees Token Outperform Wider Crypto Market CoinDesk
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