XRP surges 10% on speculation the CFTC's Binance suit could impact the token developer's monumental SEC case
XRP, the cryptocurrency issued by Ripple, is surging on rumors surrounding outcome of its long-running legal fight with the Securities and Exchange Commission. trading at a five-month-high of $0.5. XRP has jumped 46% in the past month.
"Rumors have been circulating recently that suggest XRP-issuer Ripple might win its lawsuit against the SEC, which alleges XRP was sold as an unlicensed security," Stanislav Havryliuk, COO of crypto exchange Zonda Global, told Insider."Despite little concrete evidence to back up the rumours, some lawyers close to the case have publicly stated that they feel Ripple has an advantage - and a win would surely cause the price of XRP to surge.
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