In late December of 2020, the Securities and Exchange Commission announced a lawsuit against Ripple Labs, creator of the XRP cryptocurrency. Naming the current and former CEOs, Brad Garlinghouse and Christian Larsen respectively, as the perpetrators of an illegal sales of unregistered securities. Garlinghouse reiterated his belief that XRP is a currency, and made clear his intentions to challenge the accusations in court. The outcome of said case could have far-reaching repercussions for the industry as a whole.

The concept of cryptocurrency occupies a strange space within the legal framework of the United States. While most proponents consider it a…

Stratafyre

I am a freelance technical writer in the blockchain and cryptocurrency space. Sometimes I also like to dabble in fiction or opinion pieces.

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