Cryptocurrency XRP grew by 10% despite a quarrel with the US government

The XRP token, a Ripple blockchain, grew by 10% per day — at the time of writing, the cryptocurrency is trading at $ 0.3817. Currently, XRP remains the only digital asset that is growing weekly, while other cryptocurrencies in the top 10 are showing a decline.

It is worth noting that the digital asset is popular among investors even despite the ongoing litigation between Ripple and the SEC. The SEC accused Ripple of selling unregistered securities for seven years. Interestingly, during the investigation, the SEC refused to disclose internal documents in the case against Ripple that could prove or disprove the allegations.

As for the current state of affairs, the SEC and Ripple Labs have filed a motion to dismiss the case. The Commission has run out of arguments in an attempt to prove that the sale of XRP was an «investment contract». The SEC emphasized that this was confirmed. «The Commission is not interested in following the law. In an unacceptable attempt, they want to expand their jurisdiction far beyond the powers granted by Congress,» Ripple CEO Brad Garlinghouse commented on the situation.

Interestingly, yesterday it became known that the Twitter account of the Indian cryptocurrency exchange CoinDCX was hacked, the purpose of the attackers was to publish phishing links with «XRP giveaway «to steal users' digital assets. To make their posts with phishing links more believable, the hackers reposted the posts of Ripple Labs Director Brad Garlinghouse, attaching fraudulent links to them.