The price of XRP, the coin associated with the American fintech firm Ripple, rose modestly today after news of what one lawyer called “a very big win for Ripple” in an ongoing court battle against the US Securities and Exchange Commission (SEC).
At 09:40 UTC, XRP stood at USD 0.955, up 1.5% for the past 24 hours and down 12.2% for the past 7 days.
The “big win” referred to is a decision by the court handling the case to deny the SEC a motion to reconsider a deliberative process privilege (DPP) ruling, saying that:
“The SEC seeks to have it both ways.”
If granted, the DPP ruling would have given the SEC the right to withhold documents that Ripple’s lawyers say are central to the case.