XRP Registers Biggest Single-Day Gain in 3 Months After SEC Drops Charges Against Ripple’s Leaders
XRP gained 6.5%, the biggest single-day percentage rise since July 13.
Binary trading platforms with better performance and payouts
XRP
XRP gained 6.5%, the biggest single-day percentage rise since July 13.
The regulator had included them as defendants in securities violation case, and the agency now says it’s just pursuing Ripple for damages.
Bitcoin edged higher to $27,700 Wednesday afternoon as crypto markets calmed after Monday’s sharp rally. XRP and AVAX jumped 3% and 7%, respectively.
SEC Chair Gary Gensler, left, and Ripple CEO Brad Garlinghouse are at the center of the U.S. dispute over the future of crypto oversight. (Kevin Dietsch/Getty and Scott Moore/Shutterstock/CoinDesk)
The handouts are part of a token airdrop whose snapshot took place in 2020.
Whether or not Ripple violated securities law in making XRP available to retail investors by putting it on crypto exchanges is absolutely a question that needs appeals court intervention, the U.S. Securities and Exchange Commission (SEC) argued Friday.
The U.S. Securities and Exchange Commission (SEC) asked for permission to appeal a federal judge’s ruling that XRP sales through exchanges didn’t violate securities law, a day after the judge said the SEC could present its argument.
A federal judge will let the U.S. Securities and Exchange Commission file a motion that, if granted, would allow it to appeal a ruling that XRP transactions through exchanges didn’t violate securities laws.
Altcoins are leading declines, with majors like DOGE, SOL and MATIC shedding 6-7% in the past 24 hours.
A sharp mid-afternoon selloff upended what had been a quiet Tuesday in cryptocurrencies.