Justin Slaughter, the sage Vice President of regulatory affairs at Paradigm, casts a weary eye upon the latest spectacle: XRP, that restless sprite of Ripple’s cryptoverse, has been branded an unregistered security. A motley crew of tokens joins it in this legal jamboree, courtesy of Oregon’s own courtroom bard, Attorney General Dan Rayfield, who pens a lawsuit against the colossal oracle of Coinbase.
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View Urgent ForecastCoinbase, not one to sip quietly from the legal cup, retorts with the fiery spirit of a besieged fortress. Rayfield, it claims, clings stubbornly to antiquated shadows—”regulation by enforcement,” they sneer—as if facts were mere whispers on the wind. The lawsuit? A “meritless” farce, delivered with the sarcasm of one who’s seen this drama before.
And yet, XRP wears its “crypto security” label like an ironic badge of honor, despite prior declarations of innocence etched by a federal judge back in the fateful year of 2023. That same judge pronounced XRP innocent in the eyes of retail investors—the people of the blockchain realm—when traded openly in the marketplace.
The SEC, that grand puppeteer of rules, withdrew its appeal when Gary Gensler, the chair of ambiguity himself, exited stage left, leaving behind echoes of disputes past and a courtroom that now seems quieter, if just for a while.
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2025-04-22 09:14