Cryptocurrencies
Settlement Speculation Pushes XRP to Front of Crypto Rally
- SEC sued Ripple in 2020 for selling unregistered securities
- Ripple has been active in supporting pro-crypto candidates
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A little-known cryptocurrency that is at the center of a key legal fight for the industry is leading the latest rally in digital assets amid speculation that the company behind it may soon reach a settlement with US regulators.
XRP has jumped almost 40% in the past week to around 60 cents, while market bellwether Bitcoin is up around 12% during the same period. Cryptocurrencies have rallied in part this week on expectations that Donald Trump will be more amiable to the sector if he wins the US presidential election.