In 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.
Victor Fabusola
@victorfabusola
FinTech Content Writer in love with mental models and conscious hip-hop.