One of the largest crypto fund manager, bitwise asset manager, has fully divested from xrp, amid the regulatory backslash against ripple.
In an official press release, Bitwise announced Wednesday that its position in XRP has been liquidated because its fund “does not invest in assets that are reasonably likely to be deemed securities under federal or state securities laws.”
Ripple CEO Brad Garlinghouse is urging investors and employees to not worry about the lawsuit but stressed that the legal battle could take a long time to finalize. In the meantime, RippleNET has very few business operations in the U.S., which could, theoretically, allow the company to relocate overseas. Ripple has not indicated any such plans in the near term.
But, would ripple survive this trying times, being that, they are loosing their major investors