Was Ripple was singled out among the different projects within the crypto ecosystem? He said the company may have been used by the SEC to set an example. The aftermath, however, led “nearly every U.S. exchange to delist or suspend trading in XRP,” Alderoty said, which erased “$15 billion in market capitalization” from the company and prompted it to move its operations “offshore.”
Source: https://www.coindesk.com/policy/2022/09/21/sec-wants-to-remake-the-law-rather-than-apply-it-says-ripple-general-counsel/?utm_medium=referral&utm_source=rss&utm_campaign=headlines