Why Ripple Will Become the Enemy of the SEC a Brief Description of the Struggle Between Ripple and the SEC
XRP recently caused an earthquake in the cryptocurrency field. On December 23, the US Securities and Exchange Commission (SEC) announced that it had filed a series of lawsuits against Ripple and its two executives, including CEO Brad Garlinghouse and co-founder Christian Larsen. The main accusation is that they have raised more than $1.3 billion through an unregistered, ongoing digital asset securities offering.
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