TechFlow news, according to the Wall Street Journal on December 21, the U.S. SEC will file a lawsuit against cryptocurrency company Ripple Inc., alleging that its cryptocurrency XRP violated investor protection laws. Ripple Inc. stated it will defend against the lawsuit brought by the U.S. Securities and Exchange Commission. The lawsuit centers on whether XRP, the digital asset launched by the company in 2012, should have been registered with the SEC, a process that would require the company to disclose its business model, risks, and financial condition to the SEC and the public.
Add to Favorites
Share to Social Media
