The prices of Bitcoin and Ethereum remained flat for the third week running as the United States Securities and Exchange Commission (SEC) showed no signs of conceding ground over its claim to being the industry’s lead regulator. 

Bitcoin (BTC) added a modest 0.3% to its value over the last seven days and currently trades at $27,110.29. Likewise, Ethereum (ETH) only grew 0.6% and currently changes hands at $1,825. 

There were no substantial losses among any of the top thirty cryptocurrencies this week. Three projects posted notable rallies. 

XRP blew up 9.4% and entered the weekend at $0.46. The coin’s progenitor, Ripple, scored a small courtroom victory against the SEC in the latter’s ongoing lawsuit against the company for selling XRP as an unregistered security. 

On Tuesday, Judge Analisa Torres blocked the SEC’s motion to seal documents linked to a speech by former SEC director Bill Hinman explaining why Bitcoin and Ethereum should not be considered securities. Torres said the documents in question were “subject to a strong presumption of public access.” 

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Author: Tim Hakki

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