Cryptocurrency

Cryptocurrency

XRP cryptocurrency jumps as investors hope Ripple will win SEC case

XRP, a cryptocurrency that is closely associated with Ripple, surged over 11% on Wednesday as investors grew hopeful the firm would win its legal battle with the SEC.Monica Long, president of Ripple, told CNBC Wednesday she is "very hopeful" about achieving a positive resolution to the SEC case, with an outcome expected "sometime this year."The SEC accuses Ripple of breaching U.S. securities laws by selling XRP without first registering it as a security. Ripple contests the SEC's allegations, stating XRP shouldn't be considered a security.A visual representation of the digital...
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