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Ripple Acquiring Circle Would Lead To ‘Crypto Apocalypse,’ Warns Legal Expert

  • Ripple is attempting to acquire stablecoin issuer Circle for at least $5 billion, aiming to secure a position in the global stablecoin market.
  • If Coinbase were to make an offer, Circle would reportedly sell to them quickly due to their history together.
  • Legal expert Gabriel Shapiro has warned that Ripple's potential takeover could have negative consequences for the crypto market, citing antitrust concerns and Ripple's past actions against competitors.
  • Regulators may scrutinize the deal for antitrust issues, potentially leading to legal challenges if the acquisition proceeds.

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