A recent XRP lawsuit shows that it is under attack from the US government. The SEC is alleging that the XRP token sale by Ripple Labs in 2013 was illegal due to the fact they should have registered XRP as a security. The Ripple Labs team holds out that the token sale was not illegal and XRP is not a security. They hold strong to the fact that XRP is in fact a utility and should never have been registered as a security since it isn’t one.
This Ripple lawsuit has tons of implications in the world of crypto that will have resounding effects on the entire market for years to come. Today I will give you an XRP lawsuit update and tell you why it is so incredibly important to the landscape of crypto. I’ll tell you what other coins could be in the crosshairs of the SEC after XRP. Find out whether you should be preparing for crypto Armageddon.
02:02 XRP Disclosure
03:02 SEC vs XRP
03:53 SEC Allegations
06:56 Other projects vs SEC
09:26 Most likely outcome for XRP
11:40 What other coins SEC is after?
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