Stellar (XLM) surges 10% as SEC drops lawsuit against Ripple (XRP)

In a landmark regulatory move, the United States SEC has dropped its appeal and lawsuit against crypto company Ripple Labs. Ripple CEO Brad Garlinghouse confirmed the updates, ending a legal fight that began in December 2020. Meanwhile, the development sparked optimism in the cryptocurrency community, with remittance tokens leading the altcoin rebound.

Source: invezz.com

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