XRP lawsuit: Why a win for Ripple could also be a victory for Ethereum
An enemy of an enemy is a friend. A common phrase, that may just be valid within the ongoing lawsuit between the SEC and fintech firm Ripple and its native token, XRP over the alleged sale of unregistered securities.
Although, Ethereum,directly or indirectly plays a part as well in this triangle. It all started when Ripple filed a Freedom of Information Act request with the SEC, over unfair treatment. Arguably, SEC in the past, had given preference and regulatory green light to ETH which enabled it to surpass XRP token.
In this regard, crypto lawyer John Deaton in a series of tweets expressed his narrative concerning the developing equation between ETH and XRP.
“Whether we like it or not, ironically, XRP and ETH are on the same side in the SEC
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