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The XRP token rose over 6% on the day after the SEC dismissed the charges against Ripple’s top executives.

(Bloomberg) -- Bitcoin topped $30,000 for the second time this week on growing expectations that another favorable court action raises the likelihood than an exchange-traded fund holding the cryptocurrency will finally be approved. Most Read from BloombergWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Here’s What 8% Mortgage Rates Will Do to the Housing MarketBiden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’Israel Latest: Hezbollah Fires Missiles as Leaders

The new rally was triggered by a decision from the Securities and Exchange Commission to drop legal charges against two cryptocurrency execs.

(Bloomberg) -- Citadel Securities and a trade group sued the Securities and Exchange Commission on Tuesday over changes the regulator is making to how trading data are reported and paid for in the markets.Most Read from BloombergHundreds Dead at Gaza Hospital as Israel, Hamas Trade BlameIsrael Latest: Biden ‘Deeply Saddened’ Over Hospital BlastTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?Putin Arrives in China to Meet Xi on Rar

(Bloomberg) -- Those closely following the quest for an exchange-traded fund that would hold Bitcoin have Friday circled on their calendars. Most Read from BloombergBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastHospital Blast Kills Hundreds as Israel, Hamas Trade BlameQQQ Advances in Late Trading as Tesla Rebounds: Markets WrapUPenn Donors Pile Pressure on School as David Magerman Pulls SupportWealthy Travelers Have Found an Even More Desirable Way to Fly PrivateThat’s when a DC court