The crypto community got a major surprise two years ago when a leading provider of crypto solutions for businesses was slapped with a lawsuit by the U.S. Securities and Exchange Commission.
Ripple was taken to court by the SEC, which sparked what has become the most closely watched legal showdown in the cryptocurrency industry.
The SEC’s lawsuit accusing Ripple of breaking securities laws has devolved into a lengthy legal dispute, with the future of cryptocurrency regulation potentially at risk.
The case, which was filed in December 2020, revolves around the Commission’s claim that Ripple refused to register approximately $1.4 billion worth of XRP, its native coin, as securities.
Crypto Community Remains Upbeat About XRP
Despite the current Ripple legal dispute and unfavorable market conditions, the XRP community continues to be optimistic about the XRP price as this development unfolds.
Six months following the filing of the SEC’s litigation against Ripple and its executives, the...
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