This week's The Crypto Mile Weekly Update sees impressive rallies from the XRP and Quant cryptocurrencies. Ripple has seen a renewed interest from traders after improving its chances in its lawsuit against the SEC after two judges ordered the commission to release documents by William Hinman, its former director. The documents could help Ripple in its case against the SEC.
The SEC are also beginning to crack down on celebrities who endorse cryptocurrency projects and fail to disclose they have been paid to do so. One celebrity that has been the focus of an SEC investigation is Kim Kardashian. The reality TV star agreed to pay a $1.26m fine for advertising a little-known cryptocurrency called EthereumMax on her Instagram page without disclosing that she was paid to do so.
