In a highly-watched litigation on the cryptocurrency scene, Ripple Labs’ lawyers moved to kick a consolidated suit against the digital token outfit up from California superior to federal court.
Why such a move, and what impact could the litigation have on the cryptocurrency market? to get a read, I reached out to crypto and securities expert Jake Chervinsky, a Kobre & Kim associate who stirred up an eventful discussion on Twitter around the Ripple Labs litigation. He notes that, while the case “wouldn’t provide legal certainty for any companies aside from Ripple, it still could set the tone for U.S. cryptocurrency law moving forward.”
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