Investors are trooping into the crypto asset at record levels amid reports that reveal an ongoing legal tussle with the US SEC.
Just recently the powerful financial regulator stated that the flagship crypto and Ethereum were not securities due to their decentralized nature meaning it was safe for crypto exchanges to trade such unregulated financial assets.
However, Ripple was viewed in a different way on the bias that its development and distribution of XRP were conducted by Ripple in a centralized way.
At press time, the popular crypto traded at $0.476380 with a daily trading volume of $7 Billion. XRP is up 9.06% for the day.