The price of XRP is above $1 for the first time in three years

On Saturday, November 16, XRP token values ​​crossed the psychological level of $1 for the first time since December 2021.

Hourly XRP/USDT chart of the Binance exchange. Data: TradingView.

At the time of writing, XRP is trading at $1.02, up 83.8% over the past week.

according to CoinGeckocryptocurrency capitalization reached $58 billion.

The asset shows the greatest sensitivity to news about it possible care Gary Gensler as boss SEC due to the long-standing lawsuit between Ripple and the regulator. The reason was official statementin which many saw a preparation for such a situation.

In December 2020, the SEC charged Ripple in the sale of unregistered securities in the form of XRP in the amount of $ 1.3 billion.

In July 2023 the court decidedthat the sale of programs and other distributions of the Ripple coin are not an offer and implementation of investment contracts. However, according to the decision, the sale of tokens to large players was in violation of US securities laws.

SEC Court Interlocutory Appeal rejectedfinding that there was insufficient evidence and that his consideration “would not materially assist in the ultimate dismissal of the case.”

Next Commission withdraw the application v. Garlinghouse and Larsen. The parties reached a settlement agreement, which excluded costs in addition to the previous causes.

In August 2024, the court ruled final decision in the case, he fined Ripple $ 125 million The regulator first wants $2 billion. In October SEC dispute judgement.

Remember Garlinghouse they expressed confidence in the “reboot” of the crypto industry after the US presidential elections.

Previous companies 21 Earl And Canary Capital filed applications with the SEC to register spot XRP-ETF.

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