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Ripple Responds To SEC Lawsuit Arguing Company Sold $1.3 Billion Worth Of Unregistered Securities

Emily Mason

Summary: Ripple has released a statement claiming that the Securities and Exchange Commission's recent lawsuit against the company has harmed countless innocent XRP retail holders. Last week the SEC filed charges against Ripple alleging the company sold $1.3 billion worth of unregistered securities. Ripple has previously argued that XRP does not pass the Howey Test, a ...

Ripple has released a statement claiming that the Securities and Exchange Commission's recent lawsuit against the company has harmed countless innocent XRP retail holders.

Last week the SEC filed charges against Ripple alleging the company sold $1.3 billion worth of unregistered securities. Ripple has previously argued that XRP does not pass the Howey Test, a criteria used to determine what assets count as securities. Regulatory clarity has been an issue for the crypto industry since its inception and Ripple claimed that the SEC's lawsuit needlessly muddied crypto's regulatory status.

Ripple said it would continue to support all products and customers both domestically and abroad.

By Emily Mason

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Link: Ripple Responds To SEC Lawsuit Arguing Company Sold $1.3 Billion Worth Of Unregistered Securities   [Copy]
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