As Ripple, a prominent player in the<a href="https://cryptotale.org/what-is-a-cryptocurrency-and-how-to-identify-crypto-gems/" rel="noopener noreferrer nofollow"> cryptocurrency</a> industry, continues to grapple with legal challenges in the United States, the firm is making strides on the international stage. Ripple has been <a href="https://www.hkma.gov.hk/eng/news-and-media/press-releases/2023/05/20230518-4/" rel="noopener noreferrer nofollow">selected</a> to participate in the Hong Kong Monetary Authority’s (HKMA) digital Hong Kong dollar (e-HKD) pilot program, wherein the company would debut its real estate asset tokenization solution.Ripple’s <a href="https://cryptotale.org/xrp-attorney-john-e-deaton-believes-lbry-case-might-not-impact-the-ripple-case/" rel="noopener noreferrer nofollow">legal challenges</a> are spearheaded by attorney John E Deaton, who represents a group of XRP holders in a protracted legal battle against the US Securities and Exchange Commission (SEC). The lawsuit, which has reportedly cost Ripple <a href="https://www.cnbc.com/2023/05/08/ripple-will-have-spent-200-million-fighting-sec-lawsuit-ceo-says.html" rel="noopener noreferrer nofollow">200 million dollars</a> in defense, is widely considered overreaching and harmful to investors, according to Deaton, who tweeted:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e22609e460924540a2619d95f045dffc.jpg" />Despite the ongoing legal proceedings, Ripple is moving forward with significant technological advancements. The firm would work in tandem with Taiwan’s Fubon Bank and others to demonstrate equity release with tokenized assets using a retail version of the e-HKD CBDC.Read full article at <a href="https://cryptotale.org/john-e-deaton-criticizes-ripples-legal-battles-as-firm-joins-e-hkd-program/" rel="noopener noreferrer nofollow">CryptoTale</a>.

John E. Deaton Criticizes Ripple’s Legal Battles as Firm Joins e-HKD Program

CryptoTale

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