Crypto News

As the case continues to unfold, here are the latest updates and developments to keep an eye on. The SEC's Allegations Against Ripple The SEC filed a lawsuit against Ripple Labs in December 2020, alleging that the company and its executives, Brad Garlinghouse and Chris Larsen, had conducted an unregistered securities offering through the sale of XRP. According to the SEC, Ripple raised over $1.3 billion through the sale of XRP, which they argue should have been registered as a security under federal securities laws. Ripple's Defense Ripple has consistently denied the SEC's allegations and maintains that XRP is not a security. The company argues that XRP is a digital asset, similar to Bitcoin and Ethereum, and should be regulated as such. Ripple also claims that the SEC's lawsuit has caused harm not only to the company, but also to XRP holders, exchanges, and other market participants. Recent Court Rulings The legal battle between Ripple and the SEC has been...