XRP News: Ripple CEO Challenges SEC's Approach Amid Market Performance
XRP Trails the Market Amid SEC Appeal Concerns
On October 11, XRP gained 1.55%, while the broader crypto market surged 3.11%, leaving XRP trailing. The uncertainty surrounding the SEC's appeal against Ripple maintains pressure on XRP's performance.
SEC's Appeal Strategy Questioned
Ripple CEO Brad Garlinghouse criticized the SEC’s strategy, highlighting concerns over regulatory overreach. Garlinghouse emphasized the importance of holding the SEC accountable following the court's ruling that XRP is not a security.
Bitnomial's Legal Action Against SEC
In reaction to SEC actions, Bitnomial has filed a lawsuit aiming to curb SEC jurisdiction over XRP futures. This move follows Ripple’s cross-appeal in their legal battle with the SEC.
XRP Price Outlook and Market Sentiment
As investors await the SEC's legal maneuvers, price fluctuations are anticipated around the $0.55 mark. Market reactions to SEC developments will be crucial for XRP's future movements.
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