SEC vs Ripple
- September 18, 2024
The SEC vs. Ripple lawsuit, filed in December 2020, focuses on whether XRP, Ripple’s cryptocurrency, should be classified as a security. The U.S. Securities and Exchange Commission (SEC) alleges that Ripple raised $1.3 billion through the sale of XRP in violation of Title 15 U.S. Code § 77e, which prohibits the sale of unregistered securities….
