The US Securities and Exchange Commission’s (SEC) legal tussle with Ripple over the XRP token may have significantly set its trajectory back in the US market. Crypto lawyer John Deaton explained this in an X (formerly known as Twiter) post uploaded earlier today, shedding light on the ramifications of the SEC’s lawsuit on XRP’s potential adoption in the US. You could NEVER underestimate the damage the SEC’s lawsuit has caused – NOT ONLY AGAINST RIPPLE – BUT #XRP. THREE YEARS OF ADOPTION – that’s what it’s caused. Just how long is 3 yrs – in crypto years? People seem to forget how much Coinbase promoted #XRP before the lawsuit.… https://t.co/1fZ3r8WCSd pic.twitter.com/GLu4kFUU38 — John E Deaton (@JohnEDeaton1) August 22, 2023 The comments come when discussions about regulatory clarity in crypto are more intense than ever, with token holders striving for clearer guidelines in the North American country. Related Reading: XRP About-Face Sparks Another Descent – What Lies Ahead? The Coinbase Connection According to Deaton, Coinbase, one of the pioneering cryptocurrency exchanges in the US, was a ..
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