Ripple (XRP) and ApeCoin (APE) in SEC Crosshairs. Uwerx (WERX) Could Catch These Tokens

Ripple (XRP) and ApeCoin (APE) are two coins that found themselves at the centre of investigations by the Securities and Exchange Commission (SEC). The regulator is seeking to clamp down on the industry, which the group's chair called the "Wild West" and that could affect some projects in the future. Uwerx (WERX) is a new project that can catch up to these tokens while they fix their problems.

Ripple (XRP) Still Weighed by the SEC Lawsuit

Ripple (XRP) is currently struggling under the weight of the lawsuit brought by the SEC, which claims that the token is a security. The regulator is responsible for policing the stock market under the securities laws and has attempted to make its move as the top regulator in crypto. Ripple's executives were accused of making an unregistered securities offering and the token has struggled for gains since December 2020.

The executives at Ripple (XRP) have expressed confidence in the recent past that they can win the case as XRP does not pass the "Howey Test" which the regulator uses to define whether an asset is a security. Another aspect used by the defense was comments from a previous SEC director which claimed Bitcoin and Ethereum do not classify as securities because they are decentralized. Despite their hopes of winning, the ongoing suit has hampered productivity in the project and XRP investors have struggled.

ApeCoin (APE) Pressured as the SEC Investigates NFTs

The price of ApeCoin (APE) suffered earlier in the year after the SEC launched an investigation of Yuga Labs. The design house created the Bored Ape Yacht Club NFTs and then released ApeCoin (APE) to back up the ecosystem with governance and other utilities. The price of ApeCoin's utility token, APE, slid on the news as it was clear that the SEC was targeting all aspects of crypto.

No charges have yet been brought against the developers, but the investigation adds a headwind to the outlook for ApeCoin (APE). The SEC was looking into the idea that some NFT launches could have been classed as securities offerings, while ApeCoin (APE) would also come under regulatory scrutiny. Investors would do well to avoid large investments in these tokens that could face obstacles in the near future.

Uwerx (WERX) Potential To Largely Reward Early Investors

Uwerx is a brand-new project that is undergoing a presale that can help investors avoid regulatory scrutiny. The Uwerx team is building a platform to bring gig economy workers to the blockchain. That can allow regulators to define the outlook for crypto in the year ahead and Uwerx could sail under the radar while others are facing hefty fines. Uwerx has been tipped for big gains by analysts, so investors will also get strong upside potential.

Uwerx can disrupt the current market players in a rapidly growing sector. Statista estimated that the number of freelance workers in the US would hit 73 million in 2023, with an expectation of 91 million by 2028. The pandemic saw numbers boosted as workers were forced to change habits. That leaves a big market available for Uwerx, and it can operate without competition at the outset. That gives it a high likelihood of becoming a blue-chip cryptocurrency platform used by millions.

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