Bad News for Ripple (XRP)? The SEC Slams The Company’s Most Recent Endeavor
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The SEC has criticized Ripple’s planned stablecoin, yet to be launched, as an “unregistered crypto asset,” continuing the longstanding conflict between the two.
Due to the regulatory challenges in the US the company’s CEO Brad Garlinghouse remains focused on global expansion and establishing XRP’s role in the future financial infrastructure.
Ripple’s upcoming stablecoin pegged to the American dollar has not yet seen the light of day, but that seems like no obstacle for the US Securities and Exchange Commission (SEC) to start criticizing it.
Court documents shared by numerous X users show that the regulator describes the financial product as a “new unregistered crypto asset.”
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