Crypto entrepreneurs: Top winners and losers of 2023

2023 saw prominent figures within the realm of cryptocurrency embarking on diverse paths, contributing to the many ups and downs of the ecosystem.

While some recorded tremendous successes, others saw their empires fall — despite favorable expectations.

Here are some of crypto’s greatest winners and biggest losers of 2023.

Winners

In a climate that offered equal amounts of uncertainty and opportunity, numerous crypto entrepreneurs proved themselves to be resilient pioneers, shaping the narrative of 2023 while laying down the foundation for 2024.

Brad Garlinghouse

Ripple may not be everyone’s cup of tea, but the company’s CEO, Brad Garlinghouse, endeared himself to the broader crypto community this year with a string of legal victories against the United States Securities and Exchange Commission.

Had to take a picture in front of the @SECGov building while in town. (in case you’re wondering…no, Chair Gensler did not invite us in) pic.twitter.com/qfbfU7PrGQ

— Brad Garlinghouse (@bgarlinghouse) September 19, 2023

In July, Ripple won an important ruling against the regulatory body when the XRP (XRP) token was found to not violate securities law. That isn’t quite the end of the matter, however. The SEC continues to pursue Ripple over $770 million in fines it says the company owes.

For now, Garlinghouse is looking good, but the battle rages on.

Yuga Labs

Yuga Labs was another firm that won big in court this year. In April, a judge rules in favor of Yuga Labs in its long-running feud with Ryder Ripps and Jeremy Cahen, who had asserted that Yuga Labs’ Bored Ape Yacht Club nonfungible tokens (NFTs) were racist and antisemitic — and then copied those same NFTs to pass them off as their work.

Needless to say, the court took a dim view of Ripps and Cahan’s trolling behavior, ordering the two to pay Yuga Labs $1.57 million in damages and legal fees.

The ex

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Author: Robert D. Knight

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