Ripple’s lawyer leaves right before legal battles, sign of trouble?

One of Ripple’s lawyers, Brynly Llyr, has left the organization just before it is about to head into lawsuits to determine if it is a security or not and if it is, does the coin distribution constitute an illegal securities offering. This could be bad news for ripple as it has long denied that it is a security and having that status changed means that it would be subject to new regulations that might hamper its growth. Ripple is in competition with XLM for clients in the banking industry.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s