18

SEC formally sues cryptocurrency company Ripple

 3 years ago
source link: https://www.axios.com/sec-formally-sues-cryptocurrency-company-ripple-83bfed3a-60dd-45d2-ae67-35431676f957.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
44 mins ago - Economy & Business

SEC formally sues cryptocurrency company Ripple

Illustration of the shadow of a gavel hovering over the Ripple logo

Illustration: Sarah Grillo/Axios

U.S. securities regulators on Tuesday sued cryptocurrency giant Ripple, and both its CEO and executive chairman, for allegedly selling over $1.3 billion in unregistered securities. Ripple on Monday had publicly disclosed that the lawsuit was to be filed imminently, and said it does not believe its tokens needed to be registered.

Why it matters: XRP, the cryptocurrency created by Ripple in 2012, has the crypto industry's third-largest market cap at around $22 billion, behind only Bitcoin and Ether.

gray_bg.png

Go deeper: Ripple lawsuit could chill crypto industry investment


About Joyk


Aggregate valuable and interesting links.
Joyk means Joy of geeK