Coin

<ul class="news-points"> 
 <li><strong>Legal expert John Deaton notes disrupted adoption for XRP due to SEC lawsuit on Ripple.</strong></li> 
 <li><strong>Deaton highlights the contrast between pre-lawsuit growth of XRP and the subsequent legal action.</strong></li> 
 <li><strong>The lawyer implies skepticism on the lawsuit’s intent, suggesting it was used as a weapon.</strong></li> 
</ul> 
<p>Legal expert John Deaton underscored the profound ramifications of the U.S. <a href="https://coinedition.com/tag/sec/" rel="noopener noreferrer nofollow">Securities and Exchange Commission’s (SEC)</a> lawsuit on Ripple. In a tweet, Deaton emphasized that the damage stretches far beyond just the crypto exchange, but also on the digital asset XRP, resulting in three years of disrupted adoption.</p> 
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   <p lang="en" dir="ltr">You could NEVER underestimate the damage the SEC’s lawsuit has caused – NOT ONLY AGAINST RIPPLE – BUT <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a>. THREE YEARS OF ADOPTION – that’s what it’s caused. <br><br>Just how long is 3 yrs – in crypto years? <br><br>People seem to forget how much Coinbase promoted <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> before the lawsuit.… <a href="https://t.co/1fZ3r8WCSd" target="_blank" rel="noopener noreferrer nofollow">https://t.co/1fZ3r8WCSd</a> <a href="https://t.co/GLu4kFUU38" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/GLu4kFUU38</a></p>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1693798126371422237?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 22, 2023</a> 
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<p>In his analysis, Deaton delved into the apparent disparity between the actions of various entities involved with XRP and the eventual <a href="https://coinedition.com/xrp-sec-finish-filing-motion-for-summary-judgment-await-verdict/" rel="noopener noreferrer nofollow">lawsuit</a>. Before the SEC filed a case against Ripple in Decembe…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/xrps-regulatory-rollercoaster-how-secs-lawsuit-damaged-ripple/">XRP’s Regulatory Rollercoaster: How SEC’s Lawsuit Damaged Ripple</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

XRP’s Regulatory Rollercoaster: How SEC’s Lawsuit Damaged Ripple

Coin Edition

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