🚨 Ripple vs SEC Update: SEC May Drop Appeal, Say Legal Experts

News

The US Securities and Exchange Commission (SEC) is likely to drop the appeal in the Ripple lawsuit. Former CFTC Chairman Chris Giancarlo and pro-XRP lawyers believe it’s “very plausible” that new SEC chair under the Trump administration will drop SEC v Ripple Labs lawsuit. It will also prove to be game changing for XRP.

Russian President Vladimir Putin has signed the final law on crypto taxation while recognizing digital assets as property. This taxation law will also be applicable for currencies used for foreign trade settlements “within the framework of the experimental legal regime (ELR).”

As Bitcoin flirts with the $100K milestone, the crypto market is gearing up for the next cycle. Historically, this surge in BTC’s value leads to altcoins pumping, followed by liquidity flowing into the memecoin sector. With this momentum, memecoins offering compelling narratives and valuable utilities become the focal point for investors. Pepeto, the God of Frogs, is emerging as a standout contender, nearing $1 million in its presale phase and attracting holders of Pepe, Shiba Inu, and Dogewithat. Positioned to adopt all next-generation memecoins through its dedicated exchange, Pepeto is shaping up to be a project that cannot be overlooked.

Markets

Crypto prices today remain steady, with minimal changes over the past 24 hours. Bitcoin (BTC) is approaching $97K, signaling strong market sentiment, while major altcoins showed mixed trends. Ethereum (ETH) and Solana (SOL) gained 1-2%, reflecting positive momentum. Meanwhile, XRP surged 14%, and Algorand (ALGO) led the gains with a 25% jump.

The global crypto market cap increased by 1% from the previous day, reaching $3.32 trillion. However, overall trading volume declined significantly, down 24% to $153 billion over the past 24 hours. Here’s a quick snapshot of the top cryptocurrencies by market capitalization and their price movements today, November 29.

As mentioned, Bitcoin price today is up 2.84% after BTC crashed 8.88% and currently auctions around $97,932.0. Despite the recent drop, BTC shows signs of recovery and trades around $97,932.0. Many were seen preemptively celebrating Bitcoin hitting $100,000 on Friday, but the recent crash has revealed that BTC has other plans. Regardless, one thing is clear – investors are eager to see Bitcoin cross the historic six-digit level. While some altcoins are shooting up, most are waiting for BTC to cool off.

From the looks of it, Bitcoin price looks ready to recover and is showing signs of forming a local bottom.

Despite the recent Bitcoin crash, Ethereum (ETH) price trades today at $3,614.3 as of 3 PM. Surprisingly, ETH performance during the recent crash is much better than most altcoins. Regardless, Ethereum prices today hit a daily high of $3,649.2 after 1.68% move on November 29.