ICYMI: $XRP and $LUNA's market capitalization has surpassed that of the top 10 largest cryptocurrencies Ripple Terra XRP
XRP ended up among the weekly leaders following positive sentiment around the ongoing legal battle with the U.S. Securities and Exchange Commission . In positive developments over the weekend, Judge Analisa Torres denied the SEC's motion to strike Ripple's make-it-or-break-it"fair notice" defense. The court also denied Ripple CEO Brad Garlinghouse's and co-founder Chris Larsen's twin motions to dismiss the lawsuit against them.
As reported by U.Today, the U.S. Securities and Exchange Commission has filed a motion for an extension of time. The plaintiff has told Magistrate Judge Sarah Netburn that the defendants have agreed to the request, which means that the motion is very likely to be greenlit by the court. The agency needs an extension to file its response to Ripple's recently filed motion to strike a supplemental expert report.
Meanwhile, Terra's LUNA has steadily risen in market value to become the seventh-largest cryptocurrency, trading at $91.65 at press time.
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