Cryptopolitan Beware of Crypto Scams Amid the XRP Hype
The recent legal victory of Ripple Labs, with the courts declaring its XRP token as not a security, has stirred up a surge of excitement among investors and cryptocurrency enthusiasts.
However, with heightened interest comes a surge in potential scams, a matter that Ripple's Chief Technology Officer, David Schwartz, has passionately highlighted to protect the public.
The journey to regulatory clarity
This recent boom in XRP interest results from a court ruling in favor of Ripple Labs by the United States District Court for the Southern District of New York.
The declaration that XRP is not a security marks a crucial turning point in Ripple's drawn-out lega' tussle with the United States Securities and Exchange Commission.