Flare

Coin

<ul class="news-points"> 
 <li>Flare CEO Hugo Philon says the two-and-a-half-year lawsuit between SEC and Ripple affected the company’s growth.</li> 
 <li>Philon says in the years between the start of the lawsuit and now, many alternatives have emerged to Ripple’s primary use case.</li> 
 <li>Twitter users disagreed with Philon, with many calling his analysis flawed.</li> 
</ul> 
CEO of Flare Labs Hugo Philon says the SEC vs. Ripple Labs lawsuit has delayed the company’s growth. In a Twitter post, Philon argued that the case prevented the company from developing further due to regulatory uncertainty. 
He mentioned that while the company has gained that regulatory certainty, it will take time before Ripple Labs makes up for the two-and-a-half-year delay. According to the CEO, cross-border transactions remain Ripple’s primary use case, but the period between the start of the lawsuit and the end has seen the rise of alternative competitors to Ripple’s business. 
However, the CEO maintained that even though the company is behind in development, it still has much room for success. According to him, the company could see patronage from areas underserved by traditional finance. But the FTX collapse, Philon believes, wil… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/sec-lawsuit-affected-ripples-growth-says-flare-ceo-hugo-philon/">SEC Lawsuit Affected Ripple’s Growth, Says Flare CEO Hugo Philon</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

SEC Lawsuit Affected Ripple’s Growth, Says Flare CEO Hugo Philon

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