What Ripple’s lawsuit against YouTube could mean for social media platform content liability

Quick Take An April 21 lawsuit filed by Ripple and CEO Garlinghouse against YouTube accuses the platform of violating intellectual property and publicity rights by permitting bad actors to impersonate plaintiffsPlaintiffs say that fake and hacked accounts trick users into participating in fraudulent XRP exchanges, where the users send a certain amount of the cryptocurrency to a private wallet address in exchange for a promise to receive a multiple of it in returnThe lawsuit may provide a Court the opportunity to provide further guidance on the scope of safe harbor protection and platform liability for social media platforms who receive substantial protection under the Communications Decency Act and the the Digital Millennium Copyright Act