Is a Bull Run on the Horizon After Former Ripple CTO Stops Dumping XRP?

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Last Updated on July 17, 2022 by Bitfinsider

In a Zoom call with CTC News reporters on Friday, XRP Ledger co-creator and Stellar founder Jed McCaleb stated that he will not be selling his last 5 million XRP, explaining that the remaining tokens will be some form of security for his family.

His XRPscan wallet was already down to 2.77 million XRP a few days ago, but McCaleb added another 2.8 million XRP. He claimed he awoke in the middle of the night in a cold sweat and realized he couldn’t let all of his holdings go.

A Magistrate Judge Sarah Netburn has rejected the US Securities and Exchange Commission’s attorney-client privilege claims in the ongoing Ripple v SEC case.

As the SEC attempted to invoke the attorney-client privilege to conceal documents relating to official William Hinman’s speech, the Judge insisted that all documents be made available.

The judge referred to the SEC’s actions as “hypocrisy” because the commission continued to argue that the speech is unrelated to crypto regulation while also claiming that Hinman receives legal advice from SEC counsel.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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