Pro-Crypto lawyers quickly reacted to the news. Murphy de James ‘Metalawman’ commented:
“The Attorney General of Oregon, Dan Rayfield, is trying to make Oregon residents illegal to exchange the crypto. Rayfield was sworn 3 months ago. Apparently, he did not obtain the memo that the anti-Crypto army had been defeated.
Grewal shared more details on the Oregon AG judicial file on April 20, declaring:
“We finally obtained a copy of the Oregon AG complaint. If there was a doubt about the motivation behind this, seek no further than article 9, where he 1) omits the mention of the decision of Judge Torres in XRP; and 3) bears the stamp of two private companies that took advantage of this prosecution; and 5) decreases the reallocation of the main lawyer of peopleler at the IT department. »»
Case of ripples at a crossroads
The complaint of Oregon arrives at a critical moment in the dry case V ripple in progress. With the appeal of the dry on the ice, the markets are expecting a judicial request aimed at canceling the decision of the Torres judge prohibiting the sales of XRP to institutional investors. A favorable settlement could propose a legal clarity long awaited for Ripple, supporting its American expansion and its XRP adoption.
However, Oregon’s deposit reports a regulatory landscape of potentially fragmented American cryptography. States led by Democrats could stimulate the Biden Administration Anti-Crypto agenda, undergoing pressure on industry before the end of the end. Oregon or another state led by Democrats could possibly target Ripple once the current case is over.
