XRP, the cryptocurrency associated with Ripple, experienced a significant surge in value, rising by 17% to reach $0.60. This boost followed Ripple’s partial legal victory against the U.S. Securities and Exchange Commission (SEC), a case that has long been a dark cloud over XRP and the broader cryptocurrency market.
This legal battle, which began in December 2020, accused Ripple of conducting an unregistered securities offering through the sale of XRP.·
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