XRP rose amid expectations of a positive outcome in the case of Ripple and SEC

&NewLine;<&excl;-- Google AdSense AMP snippet added by Site Kit -->&NewLine;<amp-auto-ads type&equals;"adsense" data-ad-client&equals;"ca-pub-7026113949539412"><&sol;amp-auto-ads>&NewLine;<&excl;-- End Google AdSense AMP snippet added by Site Kit -->&NewLine;&NewLine;<pre class&equals;"wp-block-verse has-text-align-center">Altcoin has risen in price by 13&percnt; in a day&comma; while other leading cryptocurrencies do not show noticeable growth<&sol;pre>&NewLine;&NewLine;&NewLine;&NewLine;<p>The price of the <strong>Ripple <&sol;strong>token rose against the background of <a href&equals;"https&colon;&sol;&sol;www&period;coindesk&period;com&sol;markets&sol;2022&sol;11&sol;14&sol;first-mover-asia-extreme-fear-hits-crypto-as-ftx-hack-makes-bad-situation-worse-what-comes-next&sol;" target&equals;"&lowbar;blank" rel&equals;"noreferrer noopener">positive expectations<&sol;a>  of the <strong>crypto <&sol;strong>community from the end of the trial between the US Securities and Exchange Commission &lpar;SEC&rpar; and <strong>Ripple<&sol;strong>&period; The value of the <strong>altcoin <&sol;strong>has increased by 13&percnt; in a day&comma; while other leading <strong>cryptocurrencies <&sol;strong>do not show a noticeable change in price over this period&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The <strong>XRP <&sol;strong>token is trading near the &dollar;0&period;4 mark&period; Its market capitalization is &dollar;19 billion with a daily trading volume of about &dollar;2&period;4 billion&comma; according to <a href&equals;"https&colon;&sol;&sol;www&period;coingecko&period;com&sol;en&sol;coins&sol;xrp" target&equals;"&lowbar;blank" rel&equals;"noreferrer noopener">CoinGecko<&sol;a>&period; The share of the token in the <strong>cryptocurrency <&sol;strong>market is 2&period;2&percnt;&period;<&sol;p>&NewLine;&NewLine;&NewLine;<div class&equals;"wp-block-image">&NewLine;<figure class&equals;"aligncenter size-full"><img src&equals;"https&colon;&sol;&sol;cointopsecret&period;com&sol;wp-content&sol;uploads&sol;2022&sol;11&sol;xrp&period;png" alt&equals;"" class&equals;"wp-image-10173"&sol;><&sol;figure><&sol;div>&NewLine;&NewLine;&NewLine;<p>The <strong>SEC <&sol;strong>litigation with <strong>Ripple <&sol;strong>has become one of the most important in the history of <strong>cryptocurrencies<&sol;strong>&period; Its outcome will determine which digital coins can be recognized as securities under US law&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Emails and notes that helped shape one of the most significant speeches in the history of <strong>cryptocurrency <&sol;strong>are being withheld from CoinDesk by the <strong>SEC<&sol;strong>&period;<br>At the Yahoo Markets Summit in 2018&comma; William Hinman&comma; who was then the Director of Corporation Finance at the <strong>SEC <&sol;strong>Commission&comma; gave a lecture that turned out to be a turning point for <strong>cryptocurrency<&sol;strong>&colon; A security is not ether&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><br>At the time&comma; Hinman claimed that Ether had &&num;8220&semi;sufficiently decentralized&&num;8221&semi; and therefore passed its ambiguous status as a security-not-a-security and transformed into a commodity&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The speech&&num;8217&semi;s transcript states&comma; &&num;8220&semi;Based on my understanding of Ether&&num;8217&semi;s current condition&comma; the <strong>Ethereum <&sol;strong>network&comma; and its decentralized structure&comma; current offers and sells of Ether are not securities transactions&period;&&num;8221&semi; &&num;8220&semi;Purchasers would no longer reasonably expect an individual or group to perform<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>In December 2020&comma; the SEC sued <strong>blockchain <&sol;strong>company <strong>Ripple<&sol;strong>&comma; accusing it of selling &dollar;1&period;3 billion worth of unregistered securities under the guise of <strong>XRP <&sol;strong>tokens&period; The emails of former SEC corporate finance director William Hinman and his speech in 2018 are considered the main evidence in this case&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Ripple <&sol;strong>requested these documents for a long time&comma; and received a positive court decision in January 2022&period; The judge ordered the SEC to provide the requested information to Ripple&period; However&comma; the SEC insists that this is Hinman&&num;8217&semi;s personal opinion&comma; and is trying to delay the consideration and disclosure of this information&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>But it looks like it will now become clear that the <strong>SEC <&sol;strong>provided a lot of guidance in drafting Hinman&&num;8217&semi;s speech&comma; <strong>Ripple&&num;8217&semi;s <&sol;strong>general counsel Stu Alderothy said&comma; <a href&equals;"https&colon;&sol;&sol;www&period;coindesk&period;com&sol;markets&sol;2022&sol;11&sol;14&sol;first-mover-asia-extreme-fear-hits-crypto-as-ftx-hack-makes-bad-situation-worse-what-comes-next&sol;" target&equals;"&lowbar;blank" rel&equals;"noreferrer noopener">according <&sol;a>to CoinDesk &period; The contributions of other SEC officials&comma; he said&comma; could undermine the argument that Hinman&&num;8217&semi;s speech was his own opinion and &&num;8220&semi;not necessarily the panel&&num;8217&semi;s opinion&period;&&num;8221&semi; The <strong>Ripple<&sol;strong>-SEC case could end early next year as the November meeting was rescheduled&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><&sol;p>&NewLine;