SEC Sues Ripple Over XRP Sale

What happened? The SEC on Tuesday filed a civil suit against Ripple Labs, Inc. (‘Ripple’), CEO Brad Garlinghouse and co-founder Chris Larsen, alleging they violated federal securities laws in selling US$1.3B worth of XRP to retail investors over 7 years. The SEC alleges XRP should have been registered with the SEC from the beginning.  Ripple […]