Odaily Planet Daily News Lawyer John E Deaton posted on the X platform that a small but important example can illustrate how the SEC lawsuit has harmed the adoption of XRP.
He has just purchased an item online, and the payment options include "Pay with cryptocurrency via BitPay." BitPay initially supported the XRP payment method and was one of the first to support the use of the currency. But BitPay stopped supporting XRP in the U.S. after the SEC filed a lawsuit. XRP is made for payments. Dogecoin was created as a joke. However, joke tokens were used as payment tokens and payment tokens were banned due to SEC issues.