Ripple faces SEC lawsuit over XRP cryptocurrency
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Ripple faces SEC lawsuit over XRP cryptocurrency
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Ripple’s ongoing lawsuit has a new turn! ⠀ Lawyers of Ripple’s CEO and co-founder have filed a motion to the U.S. Securities and Exchange Commission (SEC). This is an answer to SEC’s filed complaint back in December 2020, alleging that Ripple had raised over $1.3 billion through an unregistered, ongoing digital asset securities offering.⠀With the motion that seeks the court’s approval to request documents from over a dozen digital currency exchanges, Ripple’s execs want to establish that the XRP
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3.2K views · 16 reactions | Ripple CEO Brad Garlinghouse called the SEC lawsuit alleging his company sold unregistered securities “misguided,” telling “Axios on HBO”: "[XRP] has traded out there for 8 years. … If it was a security, I guess we should have known that a long time ago.” Dan Primack: "So is your basic defense, 'You let us trade it for years, and thus, no givesies-backsies?' " | Axios | Facebook
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