7 years is such a long year for a project to get exposed, if XRP is going to go down, there will be cleaning up that is going to happen after XRP but definitely XRP is a big fish and this will send warning signs to new projects that are coming out, this will have a negative and positive effect on the community and this is a news worth following and let's see how it's going to impact the market.
That's incorrect. SEC has been cleaning up the scams and corruption for ICO's that launched in 2017-2019, since 2018-ish. Did that stifle innovation and startups? No, it helped legitimize the industry further. A lot of those scams disappeared entirely. The new breed of ICO is DeFi tokens, in which will equally get hit has hard as ICO's, but is significantly more tricky due to being highly decentralized.
XRP is a major exception. They have as much authority to go after Ethereum if they chose to, but this is virtually an impossibility. XRP is not a crypto, not a blockchain, it's one big manipulated scheme to fool user's and individuals into buying and investing into their centralized scamcoin, in which they hold billions of XRP. No accountability, no transparency no nothing.
Again, XRP being sued is nothing but positive news.