The first skirmish between Ripple and the U. As part of the settlement, Ripple agreed to introduce Know Your Customer KYC checks for future XRP investors.
Ripple was then the subject of another lawsuit in In response, Ripple filed a countersuit alleging that R3 had not kept up its side of the deal. Ripple Lawsuit With The SEC Ripple and the XRP community were shocked to find out the SEC filed a lawsuit against Ripple Labs and two of its executives.
Ripple continues to counter these claims, leading to an ongoing legal spat that has yet to be resolved. However, Ripple is not intent on settling with the SEC, as the company feels the commission is biased in its approach.
Additionally, Ripple claims the SEC seems fine with Ethereum and other crypto platforms, yet deliberately targets XRP. As the lawsuit continues, it becomes increasingly uncertain what the outcome will be. Both parties would have access to secure the channel, and that can be useful when it comes to any kind of threat.
Because of that reason, XRP is very effective. In addition, it has the potential to exchange more than money - all it would need is the creation of a secure pathway.
Banks Our banking system will not disappear overnight, and it would be foolish to think otherwise. Even so, many people that use Bitcoin believe that the first digital currency has the power to rebuild the structure of the financial system within a few years.
Cryptocurrency is here to stay even though the reality is different. However, the everyday financial lives of people will incorporate digital currency more and more through big players in the world of finance like big banks. That is more than good news for Ripple.
Ripple's XRP is one of the most popular crypto assets in the market. Image: Shutterstock Create an account to save your articles.
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Crypto markets are struggling with most major coins and tokens in the red over the past week. But one digital asset is surging: XRP. The sixth cryptocurrency by market cap is up nearly