Kyle Roche is said to have talked to Ripple's CEO about investing in a law firm that would take on lawsuits from competitors like the ones Ripple was facing in the U.S.
The American economy continues to look bleak, and indicators of an impending recession continue to emerge. Goldman Sachs' chief economist stated last week in a note to clients that the bank views the "odds of a recession as around 15% in the next 12 months and 35% in the next 24 months." Additionally, John Mauldin, a prominent financial expert, states that he would not be surprised if the stock market plummeted by 40% this year, as he believes a recession is imminent.
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