Ripple Slapped With a $1.3 Billion Lawsuit by SEC
Ripple Slapped With a $1.3 Billion Lawsuit by SEC Last Updated: 24 December 2020 The US Securities and Exchange Commission (SEC) recently filed a lawsuit against Ripple Labs and its top executives. The SEC alleges that Ripple held an unregistered securities sale for the XRP token. Garlinghouse named in the lawsuit The SEC lawsuit names San Francisco based- Ripple Labs, co-founder Christian Larsen, and CEO Brad Garlinghouse. According to the lawsuit filed in a Manhattan court on Monday, the company raised $1.3 billion via an unregistered security offering since 2013. Securi...
Source: insidebitcoins.com