Unpacking the Ripple-SEC Lawsuit
The genesis of the Ripple-SEC lawsuit dates back to December 2020 when the SEC filed a lawsuit against Ripple Labs, alleging that the company conducted an unregistered securities offering through the sale of XRP tokens, amounting to approximately $1.3 billion. According to the SEC, Ripple violated federal securities laws by selling XRP as an unregistered security, akin to traditional stocks and bonds.·
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