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In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, the company behind the XRP crypto token. According to the SEC, XRP is actually a "security," and that ...
Today is the deadline for the SEC to file an appeals brief in its suit alleging that Ripple Labs offered XRP tokens as a security in order to attract funding from investors.
The SEC brought the suit in 2020, accusing Ripple of illegally raising money by selling XRP without registering it as a security. The XRP price surge also comes as investors bet on the future of ...
A 2023 ruling found that Ripple should pay a $125 million penalty in relation to the case, far short of the $2 billion fine that the SEC had sought in the lawsuit.
Ripple is the financial technologies company that created the XRP cryptocurrency. Garlinghouse posted a message on X the next day and stated that it was a great dinner and a strong start to the year.
In 2020, the U.S. Securities and Exchange Commission (SEC) sued a company called Ripple, alleging it was in breach of the law for the way it issued its XRP (CRYPTO: XRP) cryptocurrency. XRP has a ...
As a result, the U.S. Securities and Exchange Commission (SEC) sued Ripple in 2020, claiming the XRP token should be classified as a financial security, like a stock or a bond. Companies that ...
The SEC has faced recent defeats in the case, including an unexpected ruling by Judge Analisa Torres in July that found that Ripple's sale of XRP on exchanges did not constitute an unregistered ...