SEC loses a battle to win the war? Ripple dissociates from pumping XRP
Cointelegraph
Published Apr 18, 2021 10:14AM ET
Updated Apr 18, 2021 12:00PM ET
When the United States Securities and Exchange Commission filed legal action against Ripple Labs and its top-two executives in December, alleging that its XRP coin was in fact a security and that the firm had raised over $1.38 billion through an unregistered securities offering in 2013, many wondered if XRP would even survive.
Some exchanges delisted XRP; some asset managers sold their XRP tokens. XRP had lost its place as the top 3 currency by market capitalization and was even looking like it could drop from the top 10. But reports of Ripple’s demise were spectacularly exaggerated.
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Written By: Cointelegraph
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