In today’s episode host Gregg Goldfarb talks with David Chase, a securities lawyer who previously worked as senior counsel at the United States Securities and Exchange Commission. They discuss the SEC lawsuit against the cryptocurrency Ripple (XRP), alleging that it “engaged in the unregistered distribution or sale of securities.”

According to Mr. Chase, “the SEC is looking for a big fish, if you will, to send the market a message. And in this case with Ripple no doubt is that message.” A timely topic as we are seeing Bitcoin and the world of cryptocurrencies continue to gain traction.