The article discusses the ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple. In a recent development, the SEC concluded that Ripple is not a security. However, the focus has now shifted to the SEC’s lawsuit against Coinbase. Coinbase has filed a mandamus, forcing the SEC to respond to a rulemaking petition regarding its views on which digital assets are considered securities. Despite the legal battles, XRP investors remain confident, and the digital asset has seen an increase in price. The article also mentions that the Hong Kong Virtual Asset Consortium (HKVAC) is considering including XRP in its virtual asset index.
AI Sentiment: Positive