Lithosphere AI blockchain developers predict Ripple to win case against US SEC

Lithosphere (LITHO) reiterates its support for Ripple, a blockchain company associated with XRP, a cryptocurrency, in the ongoing case against the United States Securities and Exchange Commission (SEC). The core team building Lithosphere, KaJ Labs, predicts that Ripple will win the legal battle against the U.S. financial regulator.

The Lithosphere network aims to address the bottlenecks that hinder the mainstream adoption of blockchain technology and web3 by providing a robust infrastructure for transferring distributed value and enhancing interoperability across multiple blockchain networks.

Ripple is associated with XRP and uses the coin to provide a fast, low-cost cross-border money transfer network. The SEC claims that the sale of XRP was illegal and constituted an offering of an unregistered security. The litigation has now become a bellwether case demonstrating the lack of clarity in crypto regulations.

KaJ Labs recognizes the importance of the Ripple vs. SEC case and its implications on the broader cryptocurrency space. However, they believe the outcome will be positive in the near future.

KaJ Labs launched the to address several bottlenecks hindering mainstream web3 adoption, address deep-rooted bias, and empower underrepresented communities globally. This donation reaffirms KaJ Labs’ commitment to social justice and equality, along with Lithosphere’s position and allocation of Litho towards social responsibility causes and philanthropy.

Lithosphere’s first distribution of funds to the National Association for the Advancement of Colored People (NAACP) and the National Homelessness Law Center is part of its ongoing commitment to social and racial justice causes. The platform will provide donors, volunteers, and nonprofits with greater accessibility, flexibility, and faster transactions to further the missions of social justice and equity missions.

About Lithosphere

Lithosphere is an artificial intelligence (AI)-powered, advanced blockchain interoperability platform. The KaJ Labs foundation, the core developers of Lithosphere, introduce; a novel consensus algorithm, a new token standard with a combination of other innovations like Deep Neural Networks(DNNs) to make smart contracts intelligent. The KaJ Labs foundation aims to drive mainstream Web3 adoption.

Lithosphere is a platform-level public chain in the digital economy era. As a critical infrastructure for value transfer, it can connect all kinds of value, provide complete financial functions, communicate diverse communities and tokens, and bridge centralized and decentralized organizations.

Lithosphere’s goal is to establish a platform-level public chain in the digital economy era that, as a key infrastructure for value transfer, can connect all kinds of value, provide complete financial functions, communicate diverse communities and tokens, and bridge the centralized and decentralized organizations to bring the Internet of Value as early as possible with a combination of AI and Deep Learning.

About KaJ Labs

KaJ Labs is a decentralized research organization focusing on AI and blockchain technology. We’re driven to create innovative products that work for the greater good around the globe.

Founded in 2017 by Joel Kasr, the KaJ Labs foundation is the driving force behind the AI blockchain platform, Lithosphere™. The KaJ Labs Foundation is an international non-profit foundation that was formed to support the development of Lithosphere and the ecosystem that will contribute to the Lithosphere Network.

The Foundation has research laboratories in Seattle, WA, and Singapore with other remote employees around the world.

Media inquiries

Dorothy Marley

KaJ Labs Foundation