Ripple Lawsuit: ETH
This week is a pivotal moment for cryptocurrency. Ripple Labs is being sued by the U.S. Securities and Exchange Commission (SEC), which has accused it of selling unregistered securities. Ripple is the organization that develops XRP (CRYPTO:XRP), one of the world’s most popular cryptocurrencies. The SEC is accusing Ripple of having conducted a $1.3 billion securities offering by selling XRP to the public. The lawsuit is seeking that Ripple return all the money it raised, plus interest. If the SEC wins, it will establish a landmark precedent, and the implications reach far beyond Ripple itself. In this article, I will explore how the Ripple lawsuit could have wide-ranging implications for other crypto projects — notably Ethereum (CRYPTO:ETH).
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