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XRP Surges to Multi-Year Peak Following Major SEC News
Ripple’s top lawyer Stuart Alderoty has urged the incoming SEC boss to put an end to all non-fraud cryptocurrency cases, as Ripple’s stock surges to a multi-year peak.
The surge in XRP’s price is likely linked to the ongoing SEC case against Ripple and its executives. The Securities and Exchange Commission (SEC) had filed a lawsuit against the company and its top executives in December 2020, alleging that they had conducted an unregistered securities offering worth $1.3 billion.
However, it appears that the new SEC chairman may consider halting the appeal process or settling the case.
The development has sent shockwaves through the cryptocurrency market, with XRP prices skyrocketing to a multi-year high.
Source: u.today
