Ripple Rises From the Ashes

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Ripple has risen by about 40% today, surpassing $1 for the first time in three years with the currency not far off from regaining its third place. Its market cap has increased to $45 billion, with its fully diluted market cap at just about $100 billion. The big question is of course why is this rising, and there isn’t an obvious answer. It may thus well be that it is rising because all other cryptos are rising. There’s apparently a conference call today with the Securities and Exchanges Commission (SEC), but that appears to be a very administrative routine planning process for the trial after SEC sued Ripple llast year for issuing an unregistered security. That lawsuit led plenty to think ripple is done, and yet it stands. It does so presumably because rumors speculations and the like have downplayed the lawsuit, with a very reasonable question being what exactly…

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