XRP Price Action in the Hands of SEC v Ripple Case and USA Statistics

However, after finding support from the US economic calendar, XRP rebounded to end the day at $0.45503.

Updates from the SEC’s case against Ripple had a muted effect, leaving investors to react to US economic indicators. The stats were positive for cryptocurrencies, as investors reacted to the weaker PMI numbers for the services sector.

In October, the ISM Non-Manufacturing PMI fell from 56.7 to 54.4. Economists expect a drop to 55.5.

The sub-components of the index were mixed. The ISM Non-Manufacturing Employment Index fell from 53.0 to 49.1. However, the price index rose from 68.7 to 70.7.

Other stats included unemployment claims and unit labor cost figures, which were crypto-positive. Unit labor costs rose 3.5% in the third quarter, down from 8.9% in the second quarter, while initial jobless claims fell from 218,000 to 217,000.

The Securities and Exchange Commission (SEC) introduces a movement to extend and reduce the flow of Amicus briefs

On Thursday, requests for Amicus Briefs continued, flooding the court with requests and Amicus Briefs.

Online digital wallet services company Cryptillian Payment Systems Request To present the Amicus Brief with Veri DAO LLC Archive Suggestion for presenting an Amicus summary.

But with the ever-increasing influx of applications and filing of Amicus briefs, the US Securities and Exchange Commission seemed to be working to stem the tide. On Thursday, defense attorney James Phelan said subscriber The latest SEC files, which state,

“The Securities and Exchange Commission (SEC) has submitted a request to extend the time for all-party response summaries to November 30, 2022 and asks the court to order that any additional Amicus Briefs be submitted by November 11, 2022. Ripple agrees. New dates are coming.”

The SEC proposal suggests that the SEC will seek to counter the filings of individual Amicus summaries, which would make the November 30 response summaries more interesting. The SEC’s handling of AMICOS summaries will give investors an idea of ​​what the Court needs to consider in relation to AMICOS summaries.

In addition to the November 30 extension, the Securities and Exchange Commission has also requested an extension of other court dates. The Securities and Exchange Commission (SEC) has requested an extension of the filing date for objections to blanket proposals to seal until January 9, 2023.

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