Ripple and the SEC Case: History of the Almost Never-Ending Litigation
Too Long; Didn't ReadIn 2020 the U.S. Securities and Exchange Commission (SEC) sued Ripple Labs. The SEC claimed that Ripple Labs was selling unregistered securities to raise funds. The unregistered security in this case was XRP, a crypto token. Ripple Labs decided that it wouldn't settle the suit outside the court and would see the case to its legal conclusion in court.