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XRP price update as Ripple cryptocurrency hits $1 amid SEC lawsuit

XRP price update as Ripple cryptocurrency hits $1 amid SEC lawsuit



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  1. tldr; XRP hit $1 on Tuesday, becoming the fourth-highest-valued cryptocurrency in the world in terms of market cap, narrowly ahead of fellow cryptocurrency Tether. The price increase comes amid an ongoing lawsuit involving Ripple Labs and the Securities and Exchange Commission. The SEC has filed a lawsuit against Ripple Labs, claiming XRP was a security and that the company raised over $1.3 billion through the sale of XRP tokens.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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