Coin

<ul class="wp-block-list news-points"> 
 <li>XRP sees a 1.2% gain, closing at $0.6131, following a recent court ruling in the Kraken-SEC case.</li> 
 <li>Judge William Orrick rejected Kraken’s Motion to Dismiss the SEC’s claims.</li> 
 <li>Meanwhile, the court ruling aligned with the Ripple case’s reasoning that tokens aren’t securities. </li> 
</ul>   
On Saturday, August 24, XRP experienced a modest gain in the cryptocurrency market, rising 1.2% to close at $0.6131. This followed a 6% increase the day before, during which XRP briefly reached a high of $0.6304 before pulling back.   
Notably, the gain comes as the crypto community digests a recent court ruling in the case of Kraken, a U.S.-based cryptocurrency exchange, against the U.S. Securities and Exchange Commission (SEC).&nbsp;   
On Friday, Judge William Orrick <a href="https://coinedition.com/krakens-fight-against-sec-continues-dismissal-denied/">rejected Kraken’s</a> Motion to Dismiss the SEC’s claims that 11 cryptocurrencies, including XRP, are traded as investment contracts. While the ruling may seem like a setback for Kraken, the exchange’s Chief Legal Officer, Marco Santori, hailed it as a win.&nbsp;   
Santori stated that the court’s decision aligns with the reasoning in the Ripple case, where a token itself isn’t considered a security, but the agreements surroundi…
The post <a href="https://coinedition.com/kraken-ruling-boosts-xrp-crypto-community-awaits-secs-next-move-in-ripple-case/">Kraken Ruling Boosts XRP; Crypto Community Awaits SEC’s Next Move in Ripple Case</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Kraken Ruling Boosts XRP; Crypto Community Awaits SEC’s Next Move in Ripple Case

Coin Edition

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