Ripple and two of its executives, Brad Garlinghouse and Chris Larsen, have slammed the Securities and Exchange Commission’s continuous efforts to redact some portion of its recently-filed response regarding amici’s participation in the upcoming Daubert challenge involving one of SEC’s experts.
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According to the SEC’s Chairman, the world’s largest cryptocurrency by market capitalization is the only digital currency believed to be a commodity, which is subject to be regulated by the Commodity Futures Trading Commission (CFTC).
According to data on Coingecko, Shiba Inu has recorded a massive increase of 43% in the last seven days. The milestone puts the cryptocurrency as the second-biggest gainer among the top 30 largest cryptocurrencies by market capitalization within the past week.
Shiba Inu (SHIB) becomes the 7th most heavily traded cryptocurrency in the last 24 hours according to Coinmarketcap data. The current market cap of SHIB stands at $5,873,713,771 ($5.87B), making it the 14th biggest cryptocurrency in the world.
The massive rally in Shiba Inu helped the cryptocurrency eliminate a zero from its price, as investors remain hopeful that the digital currency will continue to soar.
According to a recent market update shared by Telegaon, a cryptocurrency research firm that uses Artificial Intelligence to forecast the prices of digital currencies, the price of a unit of SHIB could surge as high as $9.61 by 2050.
