XRP's price surged 26% this week after Ripple Labs scored a 'victory' in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). A New York federal judge ordered Ripple to pay a $125 million civil penalty and said the firm was 'permanently restrained and enjoined' from violating U.S. securities laws as part of the case.

Ripple executives, including CEO Brad Garlinghouse and co-founder Chris Larsen, hailed the ruling as a win for the entire crypto industry, stating that the SEC's 'unhinged campaign' against the company is now over. XRP recouped most of its losses from the broader crypto downturn since Aug. 5.

In other news, Donald Trump Jr. announced plans to launch a new crypto platform, while Indian law enforcement agencies have demanded $86 million in unpaid taxes from crypto exchange Binance.

Source: https://cointelegraph.com/magazine/xrp-ripple-donald-trump-jr-united-states-bitcoin-grayscale-hodlers-digest/

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