Ripple continues its upward journey and achieves high levels, which have been absent from the currency for years.

As the currency rose with the rise of Bitcoin and reached the level of $ 1.7, which is an increase in the rate of 24% in the last 24 hours.

The rise in the price of the digital currency XRP appears to be feeding off the positive momentum around the coin and Ripple, which was able to turn the verdict in its favour, with regard to forcing the SEC not to disclose the financial statements of its founders and executives.

Ripple wins its case against Tetragon

A court in the US state of Delaware has ruled that Ripple will be charged $3.463 million in legal fees from British investment firm Tetragon Financial Group after its legal defeat.

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As a reminder, we previously discussed in Bitcoin Arabs about Tetragon filing a lawsuit against Ripple demanding compensation for the amount invested in it after the SEC filed a case against Ripple.

“Tetragon” company criticizes Ripple and demands the return of its money invested in Ripple for these reasons!

Tetragon is the same investment firm that led Ripple’s massive Series C funding round in 2019.

Tetragon’s relationship with Ripple soured after the US Securities and Exchange Commission (SEC) sued it in December 2020.

In the lawsuit filed by Tetragon, Ripple demanded that Ripple recover its $175 million in shares and temporarily freeze the company’s assets, a move the defendant described as “opportunistic.”

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The judge went to rule against Tetragon because the case is indirectly related to the ruling which has yet to be determined whether Ripple is a cryptocurrency or a collateral currency.

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