January 17, 2022

XRP Crypto News: The Latest Lawsuit Victory XRP Fans Should Watch

Fans of XRP (CCC:XRP-USD) are cheering the latest development in the ongoing legal battle between developers of the cryptocurrency and the U.S. Securities and Exchange Commission (SEC).

A close-up shot of an XRP token with the logo and Ripple in raised text.

Source: Shutterstock

Ripple Labs, the U.S. technology company behind the XRP crypto, remains embroiled in a lawsuit with the SEC over allegations that its executives engaged in $1.3 billion of trades in unregistered securities. The legal fight has impacted the price of XRP, which fell as low as 18 cents before recovering to now trade at 76 cents. Several leading cryptocurrency exchanges and trading services have stopped offering XRP while the SEC lawsuit works its way through the courts.

However, proponents of the XRP crypto are cheering the latest twist in the courtroom drama after a federal judge ruled that the SEC must turnover to Ripple a key email that could benefit the cryptocurrency developer’s defense.

What Happened With the XRP Crypto

Judge Sarah Netburn of the Southern…

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