Ripple’s Impact Against SEC
Sep, 2023

Ripple’s Impact Against SEC

Ripple Labs’ lawsuit against SEC could be considered as the most prominent legal victory in the crypto world right now.

Under this victory, cryptos can be evaluated as assets and not as financial products, meaning that SEC has no control over their audits.

What could happen from now on for Ripple ?

Many Ripple supporters believe that the damage has already been done for the coin as its reputation has been damaged  forever and many crypto exchanges have halted Ripple trading, fearing further lawsuits.

The second and most important thing are the legal fees, that have reached by now around $200 million.

All those capitals are being deprived from the company to push further the development process or hire more talents for future expansion.

Maybe that was a firework for weaking the ecosystem………

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