Hugo Philion, founder of Flare Network, has commented on the impact of the ongoing XRP lawsuit between Ripple Labs and the SEC. Philion believes that the legal uncertainty surrounding XRP's regulatory status has hindered Ripple's ability to focus on product development, causing a delay of around 2.5 years. This diversion of time and resources has allowed stablecoin issuers to establish themselves as viable alternatives in the market, posing a challenge to Ripple's objectives. Despite setbacks, Philion suggests that Ripple may find success in underserved corridors of the traditional financial system, but progress may be slower than anticipated due to increasing skepticism in the crypto industry.