XRP price's journey to $1 this year has been nothing short of spectacular, considering the ongoing Securities and Exchange Commission's lawsuit against Ripple initiated in December 2020. The regulator alleges that XRP was a $1.3 billion unregistered securities offering and both CEO Brad Garlinghouse and co-founder Christian Larsen are also in the crosshairs.
On April 6, Ripple Labs was granted access to the U.S. SEC's documents "expressing the agency's interpretation or views" on the subject of crypto assets.