Too Long; Didn't Read
The Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, saying that the selling of XRP constituted an unregistered securities offering worth over $1.38 billion. Several exchanges, mainly in the United States, have delisted XRP. Analysts believe Ripple is on course to win the SEC lawsuit. John Deaton, attorney for the approximately 65,000 XRP holders who were selected as Amicus Curiae in the lawsuit has brought his thoughts forward on what might happen next for the coin.