According to a Pro-XRP lawyer named John E Deaton, the lawsuit filed by the Securities and Exchange Commission (SEC) against Ripple has hindered the adoption of XRP in the United States. Deaton argued that Coinbase, a major advocate for XRP in the past, had confirmed with the SEC that XRP was allowed for trading before listing it. Despite the support from Ripple’s partners and exchanges like Coinbase, the lawsuit has negatively impacted XRP’s acceptance and growth. The future of XRP remains uncertain amidst the legal battle with the SEC.
AI Sentiment: Negative
