Legal Hurdles Ahead for Ripple (XRP), Not Involving the SEC This Time: A Closer Look

Ripple's token, XRP, has been dragged into a lawsuit by the Oregon Attorney General against Coinbase, a US-based crypto exchange. The state's chief legal officer alleges that XRP, along with other cryptocurrencies, were offered and sold as investment contracts on the platform, referring to them as "crypto securities".

This move has been criticized by legal experts, including Bill Morgan, who pointed out that Coinbase delisted XRP in December 2020 following a lawsuit by the US Securities and Exchange Commission (SEC). Although Ripple's lawsuit with the SEC is nearing its end, the company and its token now face new legal challenges.

However, some analysts suggest that the resolution of these lawsuits is unlikely to affect XRP's price, as it has already been factored in.