Ripple Labs and the SEC are in discovery for the remedies phase of the Ripple case until February.
Meanwhile, Gary Gensler recently gave a speech in which he quoted the first SEC chair, Joseph P. Kennedy. That’s what started the X skirmish between the Commission and members of the crypto industry.
Gary Gensler’s SEC Remarks Irk Ripple Labs
In his speech, Gensler touted the original SEC chair’s words as a model for the agency’s ethical behavior as a government regulatory agency.
“We are not prosecutors of honest business, nor defenders of crookedness. We are partners of honest business & prosecutors of dishonesty. We shall not prejudge, but we shall investigate.”

As Joseph P. Kennedy, the first @SECGov Chair, once said: “We are not prosecutors of honest business, nor

XRP token prices pared back profits the week ending Sat, Nov 18. After a wild mid-October run-up from $0.49 to $0.72, XRP fell to $0.61 by Sunday morning Tokyo time.
Meanwhile, the notorious XRP case attorney John Deaton took to X to remind readers that “XRP is a utility token at its core.”
Amicus Lawyer for Ripple Lawsuit Outlines Victory

The thing that drove me nuts was that a few career securities lawyers would argue XRP is a security. I would always counter with “anything can be marketed, packaged and sold as a security, including XRP, but it doesn’t make the asset itself one.”
To me the SEC’s complaint… https://t.co/koPupsFVLh
— John E Deaton (@JohnEDeaton1) November 17, 2023

In a wide-ranging post touching on recent developments in the SEC’s lawsuit, Deaton

Moreover, the total crypto market cap is now worth more than all the silver in the world.
After a 4.7% rally for the five days ending Sunday, Bitcoin price is humming right along at the $37,100 level. The world’s original cryptocurrency is trading 38% higher than six months ago. But it’s up even more YTD, with an astounding 123% gain over an average exchange price of $16,600 on January 1.
With the Bitcoin market cap in excess of $725 billion, the leading cryptocurrency is now capitalized at 55% of the value of all the silver in the world at today’s spot prices. Furthermore, the total crypto market cap swelling past $1.47 trillion has overtaken the global silver market cap estimated at $1.255 trillion.
Here are three big reasons for Bitcoin’s energetic surge into a

TL;DR
Price Correlation Evidence: Recent data shows a high correlation coefficient (0.84) between Bitcoin and Ripple prices, suggesting a closer relationship than previously thought, especially compared to the negative correlation between Bitcoin and stock prices.
Trading Volumes Indicate Overlap: High daily trading volumes for the XRP-BTC pair on major exchanges like Bitstamp and Binance demonstrate significant overlapping interest among investors in both cryptocurrencies.

Way back in February 2019, “Mastering Bitcoin” author Andreas Antonopoulos claimed:
“People interested in XRP are not interested in Bitcoin.”
Background: BTC vs. XRP
The two ultra-high market cap, blue chip cryptocurrencies have certainly competed for capital inflows and development. Back in those

Solana’s price is flying high again on crypto exchanges. However, regulated investors value SOL tokens at an astounding premium in Grayscale Solana Trust (GSOL).
The average SOL price on crypto exchanges was just under $62 Saturday afternoon U.K. time, according to data from CoinGecko. That puts the smart contract blockchain platform up over 49% in the seven-day window.
Furthermore, Solana is soaring over 180% on the 30-day scale after a stunning “Uptober” rally in crypto prices across the board.
Grayscale Solana Fund Shares Soar
But on Grayscale’s SOL fund, the DeFi blockchain’s tokens are doing even better. According to AAII, the fund provides a “cost-effective and convenient way to invest in SOL tokens (“SOL”) while avoiding the complication of directly holding SOL.”