First Mover Asia: XRP, XLM Climb While Bitcoin Trudges Below $30K

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Crypto traders continue to show renewed interest in $XRP, Stellar lumens $XLM and other altcoins, which held the spotlight as one lawyer called US lawmakers to establish a crypto “legal regime” JPRubin23 reports

A U.S. federal court's decision last Thursday may have offered Ripple a partial win in its ongoing court case against the Securities and Exchange Commission . But the ruling failed to clarify fundamental issues that would allow Ripple and other crypto organizations with tokens to operate on more solid ground, Preston Byrne, a partner at the law firm Brown Rudnick, told CoinDesk TV's"First Mover program on Wednesday.

"The problem isn't that the decision provides certainty for Ripple in this particular litigation," Byrne said."The reason there's uncertainty is because this court has now ruled differently than everyone expected it to, based on 70-80 years of precedent."

 

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