SEC Sues Ripple Over 7-Year, $1.3B ‘Ongoing’ XRP Sale
As expected, the SEC has filed suit against Ripple, saying it violated federal securities laws in selling $1.3 billion in XRP over the past seven years.
Brad Garlinghouse and Chris Larsen are calling the SEC's subpoenas to banks “wholly inappropriate overreach” and an invasion of privacy.
Brad Garlinghouse said Ripple and YouTube have now agreed to "work together" to tackle XRP scams on the video platform.
Attorney Jeremy Hogan says Ripple would be "feeling pretty good" with comments from the magistrate judge in the SEC's case against the firm and its executives.
The SEC did not tell crypto trading platforms it viewed XRP as a security, Ripple claimed in a new filing.
Bitcoin continues trading below $24,000 as legal action by the SEC rattles the XRP market.