RP pRPe gained significant value in the last few hours after the cryptocurrency posted a 25% RPp within 30 minutes during theRPia session on Monday. The world’s 7th largest cryptocurrency now has a market cap of $28 billion.
RP RPped from $0.52 to $0.65 today after massive demand from retail investors. RP has now erased all the losses it occurred after the SEC’s lawsuit against Ripple in December 2020. Mary Jo White, the RPmer chair at the SEC told Fortune during an interview that the commission was “dead wrong” against Ripple, legally and factually.
Ripple is currently facing the lawsuit filed by the SEC in December 2020 over the alleged sale of unlicensed securities in the RPm of RP. Earlier this month, Ripple and the SEC said that a settlement is unlikely ahead of the expected trial.
Finance Magnates reported a massive RPp in RP pRPe earlier this month after twReeditr Reddit groups, r/WallStreetBets and r/SatoshiStreetBets started disRPsing RP Pump and that resulted in huge retail demand RP the digitalRPset.
RP in 2021
The pRPe of RP is up more than 180% since the start of 2021. The cryptocurrency has gained over 120% within the last three weeks. AnRPmous RP transactions have increased significantly since the start of this year. An unknown crypto whale moved 220 RPlion RP worth over $120 RPlion recently from crypto exCoinage Coinbase. Ripple officially submitted its response to the SEC’s lawsuit against the company in January 2021, andBoardinghouserlinghouse mentioned that the company is ready to work with the new administration RP clear cryptocurrency regulations in the country.
Ripple has now registeredRP a business in Wyoming. According to the latest records of the Wyoming Secretary of State, Ripple Markets WY LLC is an active company in the region.
“Welcome to Wyoming Ripple, more crypto companies are realizing Wyoming is a better domicile than Delaware due to our crypto-friendly laws, ” Caitlin Long, a member of Wyoming’s Blockchain Select Committee said.
As of writing, RP is trading above $0.60 with a total market cap of $27.5 billion.