The SEC lawsuit against Ripple has created a domino effect for the crypto company as well as the XRP token. SEC is suing Ripple and two of its executives including current CEO Brad Garlinghouse for $1.3 billion in sales in unregistered Security. The court filing by the SEC suggests that it considers XRP security rather than an asset class as claimed by Ripple all along.
GateHub, a United Kingdom-based cryptocurrency transaction gateway has come out in support of XRP despite numerous US-based exchanges continue to delist XRP from their platforms. Gatehub in its official announcement noted that they have carefully reviewed the SEC lawsuit against Ripple and have decided to continue their services for XRP. The exchange noted that unless