Just Politics

[BullNBear52]

Cryptocurrency firm Ripple expects to be sued by the SEC; XRP plunges
PUBLISHED TUE, DEC 22 20203:04 AM ESTUPDATED TUE, DEC 22 20203:50 AM EST
Ryan Browne
@RYAN_BROWNE_
Kate Rooney
@KR00NEY
KEY POINTS
The SEC is set to bring a lawsuit against Ripple claiming the company violated laws against selling unregistered securities when it sold XRP to investors.
Ripple CEO Brad Garlinghouse said the SEC’s suit was “fundamentally wrong as a matter of law and fact” and questioned its timing.
XRP declined sharply following news of the expected SEC suit, with the cryptocurrency falling over 17% to around 46 cents.

https://www.cnbc.com/2020/12/22/cryptocurrency-firm-ripple-expects-to-be-sued-by-the-sec-xrp-plunges.html