Edward Farina, the founder and CEO of various crypto-focused initiatives, is confident that XRP is a better “investment” in early October than it was before July when the United States Securities and Exchange Commission (SEC) claimed that the coin was an unregistered security. In a post on October 9, Farina asserted that the coin was declared not a “security,” but was bothered by the fact that prices are at “the same level” as before the July 13 ruling. XRP Bears Reversed July 2023 Gains XRP, the native coin of the XRP Ledger, a decentralized blockchain that recently supported smart contracts, remains one of the most liquid crypto assets. Looking at price data from CoinMarketCap (CMC), the coin is lodged at fifth in the market cap leaderboard, trailing Bitcoin (BTC), Ethereum (ETH), BNB, and USDT–the stablecoin. Related Reading: TWT Token Registers 20% Gains As Crypto Market Slumps, What’s Next? At this level, the coin is one of the most liquid and has managed to shake off bear pressure since the SEC lodged a lawsuit against some of Ripple’s top brass, includin ..
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