Ripple CEO Brad Garlinghouse was at the Paris Blockchain week event. Garlinghouse, who made some speeches, conveyed his thoughts on a big win against the SEC. When XRP wins this case, other exchanges and cryptocurrencies that are subject to negative regulations by the SEC can also file a lawsuit against the SEC. The lawsuit, filed 15 months ago, alleges that $1.3 billion in XRP coins was sold without registering with the regulator.
The Case Is Important for The Entire Crypto Market
The SEC's lawsuit against Ripple concerns the entire market. If the SEC wins the case, it is thought that cryptocurrency regulations could go badly for both investors and crypto-related entities.