US EditionXRP Soars To 7-Year High, Becomes Third-Most Valued Crypto Even As SEC Challenges 2023 Verdict In Ripple Labs Case
- XRP surged past $3 for the first time in 7 years, reaching a market capitalization of $174 billion, becoming the third-most valued cryptocurrency.
- The SEC filed an appeal to overturn a 2023 ruling that stated Ripple's sales of XRP did not violate securities laws.
- Trading volume for XRP increased by 126% in the last 24 hours, reaching $25 billion, indicating strong market interest.
- Ripple's Chief Legal Officer criticized the SEC's appeal as 'a rehash of already failed arguments' and expects a shift in regulation under the new administration.
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XRP Surges Over 500% Since Trump's Election: A Regulatory Turnaround Tale
The cryptocurrency market witnessed a remarkable surge in XRP’s value following Donald Trump’s election. The Ripple-associated token skyrocketed by 546% since the U.S. elections, vastly outperforming Bitcoin’s 56% gain. This astounding rally stems from a series of regulatory developments and political shifts. XRP’s tumultuous journey began with the U.S. Securities and Exchange Commission (SEC) lawsuit […]
·Brazil
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XRP Soars To 7-Year High, Becomes Third-Most Valued Crypto Even As SEC Challenges 2023 Verdict In Ripple Labs Case
Payments-focused cryptocurrency XRP (CRYPTO: XRP) surged past $3 for the first time in 7 years on Wednesday in anticipation of a cryptocurrency-friendly SEC under the incoming Donald Trump administration.
·New York, United States
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Leaning Left0Leaning Right3Center4Last UpdatedBias Distribution57% Center
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R 43%
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