Ripple's XRP Price Surges Amid Ongoing SEC Lawsuit

Former SEC Director, Marc Fagel, speculates that a ruling in the Ripple v. SEC case might be coming in a few days, and a settlement seems unlikely due to the impact of an injunction on future XRP sales. Fagel also referred to the recent unsealing of the Hinman speech, which has been central to the Commission's legal efforts, alleging that the sale of XRP in 2013 constituted an unregistered securities offering. Ripple asserts that the speech describes Ether as a commodity, which should also rule out XRP from being a security since it was sold in a similar way.