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A number of new issues in the securities landscape piqued Law360 reader interest this year, including shifting regulatory priorities under the Biden administration; the U.S. Securities and Exchange Commission's case challenging the status of Ripple Labs' XRP token; new issues facing special-purpose acquisition companies; and how the growing nonfungible token space will interact with existing law.
The Ripple XRP vs. SEC case has resurfaced. The judge orders both parties to produce three accusatory and defence papers.
According to a report, YouTube crypto scams that steal Bitcoin, Ethereum and other coins are running rampant. Fraudsters do this through fake giveaways.
Uncertainties of the outcome of the SEC vs. Ripple case cause unsettlement among investors, with XRP consolidating around $1.05.
The SEC filed the initial lawsuit about 8 years after Ripple Labs has seen more than 200 listings and billion of dollars from XRP sales.