Problems between Ripple (XRP) and the United States Securities and Exchange Commission (SEC)

Problems between Ripple (XRP) and the United States Securities and Exchange Commission (SEC)

By paulofranca | paulofranca | 26 Apr 2021


In the United States, an impasse involving Ripple and the SEC has been unfolding through lawsuits by both parties.

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The SEC claimed that Ripple since 2013 has raised over $ 1 Billion from sales of its XRP token, and that this was a violation of the Securities Act of 1933, even suing Ripple owners, Brad G. and Chris L., claiming that tokens are securities not properly registered with the SEC.

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On the other hand, the understanding of Ripple's management is that the XRP is a de facto currency, not a security, and these claims from the SEC are not substantiated. In response to the lawsuit filed by the SEC, Ripple LABS requested the exemption of its directors in a new lawsuit.

Soon a second part involving this case that could affect Ripple a lot, if the justice determines in favor of the SEC.

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paulofranca
paulofranca

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paulofranca
paulofranca

Um pouco mais sobre investimentos em criptomoedas, entre outros. Formado em Administração, e atualmente atuando como Business Analyst.

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