XRP tanks 10% while Ripple CEO calls SEC’s appeal “Misguided and Irrational”

Ripple’s native crypto, XRP price dropped by a massive 10% as the US Securities and Exchange Commission (SEC) announced that is taking the legal battle to the 2nd U.S. Circuit Court of Appeals. The commission is appealing a July 2023 ruling that declared XRP sold by Ripple Labs is not a “security”. Brad Garlinghouse, Ripple

Source: Cryptopolitan