XRP continues to decline

Yesterday, the asset managed to win back some of the lost positions, but the mid-term downward trend generally continues. The prices were supported by the head of Ripple, Brad Garlinghouse, who said that the company had made significant progress in the litigation with the US Securities and Exchange Commission (SEC). Garlinghouse noted that the process could be completed next year, and its decisions would affect the entire crypto industry. He also expressed that the clearest rules for regulating digital assets are developed in Japan, Singapore, Switzerland, and the United Arab Emirates. Last week, the Ripple executives also voiced the concept of regulating the cryptocurrency sector for the US authorities. The document entitled "Real Approach to Cryptocurrency Regulation" indicated that to protect investors' interests, the government should think about creating conditions for the development of innovations in the country.