"Damn, that means it's not a good time for XRP investors to be happy anymore."
It is known that the Securities and Exchange Commission (SEC) last week dropped its lawsuit against Ripple Labs Chief Executive Officer (CEO) Brad Garlinghouse and Executive Chairman Chris Larsen.
The streak, Ripple has managed to get another win but it may not last as the SEC is still aggressive against cryptocurrency firms plus Telegram and EOS are also being sued.
However, the blockchain payment firm is still fighting the civil charges which could result in a big win or a devastating loss.
Although it did not give much explanation about its actions, the SEC may drop its case against Garlinghouse and Larsen to speed up the judicial process that has been going on for several years.
There is no denying that lawmakers in Congress are in the process of passing crypto-related legislation, but Judge Analisa Torres was seen suggesting that existing securities laws are sufficient to govern digital assets.
So here it can be seen that the legal battle is still not over after Ripple and the SEC will dispute many things that the crypto startup company has to pay in return for XRP of $700 million.
Currently, the price of the XRP token founded by Ripple recorded a climb of 0.22% at $0.52 in the last 24 hours with a market capital of $27 billion and gained 7.01% over the last week.
