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Sohrab Khawas
Sohrab Khawas
Author
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Oct 21, 2022 13:17 UTC
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EX-Congressional Participant Prefers XRP, LUNC Over Bitcoin – Here Is What You Need To Know
While the overall crypto market is facing an increased bear movement for the weekend, Ripple is celebrating its victory in Ripple vs SEC. Today, the SEC has finally agreed to handover Hinamn documents. The Hinman document is the one that contains the speech of SEC’s former Director Hinman which was delivered in 2018 where he had claimed that XRP is not a security.
However, Ripple’s native currency XRP has failed to show any positive trend as the currency is trading on a red note. At the time of writing, XRP has lost 4.78% over the last 24hrs and is trading at $0.439.
XRP Is More Preferable Over Bitcoin
Apparently, David Gokhshtein, former US Congressional candidate and Gokhshtein Media founder opts to dump Bitcoin and move towards XRP. This move from Gokhshtein comes after Ripple’s victory in the Ripple vs SEC case today.
He is of the opinion that if Ripple finds its final victory in the XRP lawsuit, then XRP price will see a massive spike. It’s just not XRP, Gokhshtein even portrays a positive outlook towards Shiba Inu (SHIB), Dogecoin (DOGE) along with Terra Classic (LUNC).
David Gokhshtein confirmed his stance towards XRP via Twitter post.
David Gokhshtein’s support for Terra Classic came as a surprise due to his earlier opposition. Now, he believes Terra Classic community is doing great towards building LUNC and its stablecoin TerraClassicUSD (USTC).
After today’s victory, Ripple CEO Brad Garlinghouse claimed to be confident in terms of Ripple’s victory in the ongoing XRP lawsuit. Brad Garlinghouse’s claim was supported by Tesla CEO Elon Musk.
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