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Back in 2020, the U.S. Securities and Exchange Commission (SEC) sued Ripple, alleging that the company broke securities laws when it sold its XRP (CRYPTO: XRP) cryptocurrency to investors. Ripple ...
The XRP price surge also comes as investors bet on the future of Ripple products. Fox Business reported that the company’s long-awaited stablecoin, RLUSD , is poised for regulatory approval in ...
Investors surely haven’t been expecting Ripple’s (CCC:XRP-USD) court battle with the U.S. Securities and Exchange Commission (SEC) to go on this long. The lawsuit, initiated in December of ...
Many thought XRP would double in price to $1, but thus far, that hasn't happened. Instead, investors are sitting on the sidelines, waiting to see what happens next. Confused investor with laptop.
The defendants agreed to turn over all data involving XRP transactions. [33] In July 2023, the district court ruled on the SEC lawsuit, finding that the XRP token sold by Ripple Labs was not a security. However, if sold in institutional sales, or used as a fundraiser, such actions could be classified as a security in those circumstances.
As of 4:18 p.m. ET, the price of XRP (CRYPTO: XRP) traded 5.6% higher from late afternoon yesterday for a few different reasons. Part of the reason for XRP's strong performance today appears to be ...
SEC v Ripple news updates appear to favor Ripple’s defense. Despite this, XRP continues its pullback from $0.91 levels struck in late March.
A disgruntled XRP investor has filed a class-action lawsuit against Ripple, alleging that the company violated US and state-level securities regulations by selling the token to the general public.