Cardano founder clear on Ripple case: XRP is a commodity like Ethereum, ADA and Bitcoin
Cardano co-founder Charles Hoskinson has been discussing events around the two-year-long legal battle between the SEC and Ripple. The SEC sued Ripple Labs and its executives in 2020 for issuing unregistered securities in the form of XRP tokens. The lawsuit led to the termination of multiple partnership deals for Ripple as well as the delistings of XRP tokens.
With the case headed for a conclusion and Ripple looking more likely to get a win, there has been increased interest in XRP. In the last 7 days, the token has gained more than 8 percent climbing above $0.51 according to our data. CNF recently reported on two huge companies joining the case in support of Ripple. I-Remit, a Philippines-based cross-border remittance company, and Private jet charter company, have requested to join the lawsuit filing an amicus brief to showcase the utility of the XRP token.
Source
https://t.me/Cronos_Cardano_Ripple
