XRP gains momentum as Ripple's case against SEC progresses.
TL;DR Summary
XRP token rose over 2% higher at 46 cents, becoming the top gainer among major tokens, as reports suggest that the SEC's case against Ripple is tilting in favor of the blockchain firm. A federal judge ruled that the SEC cannot seal documents tied to former official William Hinman's 2018 speech on crypto and securities to Ripple, which could impact XRP’s own classification as a security. This is considered bullish for XRP tokens by some traders as they price Ripple’s victory in the court case.
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- What Are the Stakes in the SEC vs. Ripple? CoinDesk
- XRP Spikes As Ripple Looks Confident On Win Against SEC CoinGape
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