US SEC plans to take legal action against Ripple over its sale of XRP
The U.S. Securities and Exchange Commission (SEC) claims the company violated investor-protection laws when it sold a bitcoin-like digital asset called XRP.
Via the Wall Street Journal, more:
- suit hasn’t yet been filed
- A representative for the SEC wasn’t immediately available for comment.
A ripple in the matrix:
XRP is one of the biggies of the crypto space, third-largest (market cap/value)