Ripple and the US Securities and Exchange Commission (SEC) have been engaged in a legal battle for the past few days. This dispute began in late 2020 when the SEC accused Ripple of selling XRP to retail investors in violation of securities laws. Last month, a US judge ruled that the sale of XRP did not constitute an offer of investment contracts, giving Ripple the upper hand. The SEC has since appealed the decision. Ripple has hired renowned professionals to represent the organization and its CEO, Brad Garlinghouse.XRP has seen a significant spike in price at the end of last week. This surge is likely due to the overall revival of the cryptocurrency market and speculation surrounding a party Ripple threw in New York City.The popular memecoin Shiba Inu has also seen some essential developments. Chariot Energy, HSBC, and Honda have all enabled customers to pay bills and loans in SHIB. Additionally, the burning rate of the asset has skyrocketed by almost 1,000%. This program is intended to reduce the asset’s overall supply and make it more scarce and valuable.

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Information	Details
Geography	North America
Countries	🇺🇸 🇯🇵
Sentiment	neutral
Relevance Score	8
People	Rahul Mukhi, Brad Garlinghouse, Lauren Belive, Gary Gensler, Barack Obama
Companies	US Securities and Exchange Commission (SEC), Chariot Energy, Honda, HSBC, Ripple
Currencies	US Dollar, Ethereum, XRP, Bitcoin, Shiba Inu
Securities	None