Ripple XRP – The XRP Community Strikes Back Against the SEC!
446Ripple XRP – The XRP Community Strikes Back Against the SEC!
On December 22, 2020, the Securities and Securities And Exchange Commission (SEC) dropped a bombshell complaint against San Francisco-based Ripple Labs.
According to the SEC's complaint, Ripple; Christian Larsen, the company's co-founder, executive chairman of its board, and former CEO; and Bradley Garlinghouse, the company's current CEO, raised capital to finance the company's business. The complaint alleges that Ripple raised funds, beginning in 2013, through the sale of digital assets known as XRP in unregistered security offering to investors in the U.S. and worldwide.
On January 1, 2021, John Deaton, Jordan Deaton, James Lamonte, Tyler Lamonte, Mitchell McKenna, Kristiana Warner, and all others and all others similarly situated.
Petitioners v. Elad Roisman As Acting SEC Chairman, U.S. Securities & Exchange Commission.
Chip takes a look at the Deaton v SEC and what it means for XRP investors.
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#DeatonvSEC #SEC #Ripple #XRP