Is A Bull Run Coming? Former Ripple CTO Stops Dumping XRP

Cryptocurrency Market Update: Is A Bull Run Coming?

 Former Ripple CTO Stops Dumping XRP.

Jed McCaleb, co-founder of the XRP Ledger and Stellar, said in a Zoom chat with CTC News reporters on Friday that he will not be selling his final 5 million XRP. Instead, he said, the tokens will serve as some kind of security for his family.

The conclusion of an eight-year binge

The former CTO has claimed that what appeared to be an endless dumping spree that began a little over eight years ago has come to an end because he now only has five million XRP left out of a total of nine billion.

His XRPscan wallet had already dropped to 2.77 million XRP a few days prior, but McCaleb deposited an additional 2.8 million XRP. He claimed that one night he woke up in a cold sweat and realised he couldn't let all of his holdings go.

Magistrate Judge dismisses SEC's claims of attorney-client privilege in Ripple v. SEC.

Magistrate Judge Sarah Netburn has dismissed the attorney-client privilege allegations made by the U.S. Securities and Exchange Commission in the on-going Ripple v. SEC case.

Despite the SEC's repeated attempts to use the attorney-client privilege to conceal records pertaining to official William Hinman's speech, the Judge maintained that all of the materials must be made public.

The SEC's actions were described by the judge as "hypocritical" because the commission insisted that the statement has no bearing on cryptocurrency regulation while simultaneously claiming that Hinman consults SEC attorneys for legal assistance.