XRP Gains Attention Amid SEC's Criticism of Upcoming Stablecoin

According to CryptoPotato, XRP has seen a surge in discussions, driven by the US Securities and Exchange Commission's (SEC) critique of its forthcoming stablecoin. The asset has gained popularity over the past few years due to the ongoing lawsuit between Ripple and the SEC. Market intelligence platform Santiment has listed the top 10 cryptocurrencies that have been the subject of the most discussions recently. Monero (XMR) took the first place due to the announcement that peer-to-peer trading platform LocalMonero is ceasing operations. The platform stated that Monero is being discussed at an unusually high rate as governments continue to crack down on XMR and other privacy-focused assets. Ripple's XRP secured the second spot. The token's popularity increased following the SEC's latest criticism, which labeled the company's upcoming stablecoin as an 'unregistered crypto asset.' Bitcoin (BTC) and Ethereum (ETH), the largest cryptocurrencies by market capitalization, came next, with Ethena (USDe) completing the top five. SuperVerse (SUPER), Chia (XCH), Kaspa (KAS), IDEX (IDEX), and Celsius Network (CEL) were also included in Santiment's ranking. XRP, the seventh-largest cryptocurrency by market capitalization, has been a trending topic for many years, primarily due to the Ripple v SEC lawsuit, which focuses on its classification. The asset often experiences significant volatility following major developments in the case. For instance, XRP's price soared by over 70% within hours after Ripple's first partial court victory in 2023. The legal dispute entered its trial phase in April this year, with many industry participants anticipating a significant rally for the asset if Ripple secures a decisive win.