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Axios: Cryptocurrency company Ripple says SEC lawsuit is imminent


Illustration: Sarah Grillo/Axios
Crypto company Ripple announced on Monday that it’s expecting a lawsuit from the U.S. Securities and Exchange Commission over its sale of XRP, the cryptocurrency it created.
Why it matters: If filed, it would be the highest-profile lawsuit of its kind. The SEC has sued a number of cryptocurrency companies in recent years over what it has deemed illegal sales of securities.
The big picture: Whether digital tokens like XRP are securities has been the central question regulators and the industry have been wrestling with in recent years.
SEC officials have declared Bitcoin and Ether to be currencies, as they are decentralized in their management, but have left the door open for others to qualify as securities, especially at the time of their issuance. ....

Sarah Grillo Axios , Brad Garlinghouse , Exchange Commission , சாரா கிரில்லோ அச்சுக்கள் , பிராட் கார்லிங்ஹவுஸ் , பரிமாற்றம் தரகு ,