Ripple Buying Circle Could Cause ‘Crypto Apocalypse,’ Prominent Lawyer Claims
MetaLeX Labs founder Gabriel Shapiro has opined that Ripple acquiring Circle could result in a “crypto apocalypse.”
However, if Ripple ends up securing the deal, it will likely fail to pass the antitrust muster.
Regulators review deals for antitrust concerns, meaning that they will determine whether the deal could allow Ripple to gain too much control over the ecosystem.
“Making Ripple the largest asset issuer on every blockchain would obviously be disastrous and anticompetitive,” Shapiro said.
Shapiro has noted that the company previously used its influence in order to harm its competitors by spreading fear, uncertainty, and doubt (FUD)….
