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Crypto Industry Insiders Comment on SEC Complaint Against Ripple Alleging Sale of Unregistered Securities in XRP Distributions The Securities and Exchange Commission’s (SEC) lawsuit against Ripple is the largest enforcement action attacking the sale of a cryptocurrency to date. The SEC alleges the sale of an unregistered security in the issuance of XRP, Ripple’s native token. Ripple has been quick to defend itself posting a Wells Notice response and publicly commenting elsewhere. Brad Garlinghouse, CEO of Ripple, took to Twitter to defend his company stating: Today, the SEC voted to att...

» US regulator charges Ripple over its XRP asset, saying it's a $1.3 billion unregistered offering, not a cryptocurrency US regulator charges Ripple over its XRP asset, saying it's a $1.3 billion unregistered offering, not a cryptocurrency Kevin ShalveyDec 23, 2020, 16:21 IST The Ripple logo is seen at the SIBOS banking and financial conference.Chris Helgren/Reuters Blockchain company Ripple has been running a $1.3 billion unregistered offering, akin to an unlicensed stock sale, according to a complaint filed Tuesday by the US Securities and Exchange Commission. "Issuers seeking the benef...

Bandar Algaloud/Reuters The US government is deciding whether to offer immunity to Saudi Crown Prince Mohammed bin Salman, who is accused of trying to assassinate an exiled Saudi official, The Washington Post reported. Saad al-Jabri, who previously worked in the top ranks of the Saudi Interior Ministry, sued Crown Prince Mohammed in a US federal court in August, claiming the prince sent a hit squad to kill him in Canada in October 2018. The prince rejected the allegations in a December 7 motion to dismiss the suit, arguing that the crown prince is immune from pro...

SEC Plans to Sue Ripple for Securities Violations: Reports In interviews, the Ripple CEO told Fortune and the Wall Street Journal that the SEC plans to sue the company in the near future for offering unlicensed securities. In brief Ripple CEO Brad Garlinghouse said in interviews that the SEC is planning to sue the company for securities violations. Garlinghouse said Ripple intends to fight the lawsuit. XRP, the third largest crypto currency by market cap, plummeted in price by more than 13% today. Ripple CEO Brad Garlinghouse told Fortune Magazine today that he expects the SEC to sue the comp...

The Trump administration is mulling immunity for Saudi Crown Prince Mohammed, who is accused of sending a hit squad to kill an exiled spy chief Bill Bostock US Secretary of State Mike Pompeo shakes hands with Saudi Crown Prince Mohammed bin Salman in Jeddah, Saudi Arabia, on September 18, 2019. The US government is deciding whether to offer immunity to Saudi Crown Prince Mohammed bin Salman, who is accused of trying to assassinate an exiled Saudi official, The Washington Post reported. Saad al-Jabri, who previously worked in the top ranks of the Saudi Interior Ministr...