Cryptocurrencies XRP, MKR Shine as BTC, ETH Hold Steady Ahead of US Inflation Figure

In that speech, Himnan said ether, the second-largest cryptocurrency, was not a security – a comment Ripple Labs seeks to use as a defense against the SEC’s charge that Ripple violated securities law by raising $1.3 billion through XRP sales to investors between 2013 to 2020. Ripple plans to argue that if the regulator didn’t consider ether as a security back then, how can it subject XRP to securities law? The SEC filed the suit against Ripple in December, 2020.