Ripple news: The legal tussle between Ripple and the SEC witnessed a dramatic turn that favored the former. Renowned defense attorney James K. Filan disclosed that Judge Torres rebuffed the SEC’s plea for an interlocutory appeal in its ongoing Ripple case. This groundbreaking revelation was warmly received by the XRP fraternity.
Ripple News: Community and Leadership Reaction
Both Ripple’s Chief Lawyer, Stuart Alderoty, and its CEO, Brad Garlinghouse, made it a point to highlight this news on their respective social channels. While Alderoty reinforced the belief that XRP isn’t a security, Garlinghouse inferred that the Court’s decision clearly signalled to the SEC about the ‘Howey’ test’s applicability to XRP.
XRP Price Analysis
Subsequent to this legal update, XRP’s market price experienced a surge of 4.7% since the past month. At the current moment, this cryptocurrency is hovering around the $0.52 mark, as sourced by CoinMarketCap.
What is XRP?
XRP is the native cryptocurrency for the Ripple payment platform, known for its digital payment protocol more than its cryptocurrency. Its digital payment protocol which operates on an open-source and peer-to-peer decentralized platform, allows seamless transfer of money in any form, be it USD, Yen, or even Bitcoin.
How to Buy XRP?
Bitpanda, a leading cryptocurrency exchange, offers a user-friendly interface and a seamless process to purchase XRP, among other cryptocurrencies. With a secure environment and easy verification steps, Bitpanda makes crypto transactions straightforward.
