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XRP slips below $0.50 support as Ripple, SEC prepare to file Omnibus letters

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XRP trades at $0.4940, losing more than 1% at the time of writing, as the Securities and Exchange Commission (SEC) and Ripple are set to file the so-called “Omnibus letter motions” on Monday, which will seal materials and supporting evidence related to the remedies-related court phase.

Ripple , SEC and any third parties are expected to file letters to seal proceedings and supporting evidence by Monday. Ripple CEO voiced concerns over the SEC’s treatment of the largest stablecoin, USD Tether.

holders are waiting on two important updates in the lawsuit: the court’s ruling on fines imposed on Ripple and whether the SEC chooses to appeal the ruling in the Second Circuit. SEC, Ripple and other involved parties – meaning friends of the court or amicus curiae –, are expected to file Omnibus letter motions on Monday. These motions seal recent court filings and supporting evidence in the remedies phase of the lawsuit. SEC vs.

price trend. The Relative Strength Index reads 37.46. This level was last seen on April 19, when the price dipped to a low of $0.4665. token. What is Ledger, helping financial institutions transfer value in a borderless manner. Ledger is based on a distributed ledger technology and the blockchain using

Ripple Cryptocurrencies

 

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