Xrp Following Announcement Sec Suit Ripple - Ripple (XRP) Faces Class-Action Lawsuit From Investor That ... : The sec claims xrp is a security and should be treated as such.
Xrp Following Announcement Sec Suit Ripple - Ripple (XRP) Faces Class-Action Lawsuit From Investor That ... : The sec claims xrp is a security and should be treated as such. . Ripple's xrp holdings do not create an investment contract any more than debeers holdings convert diamonds into securities. Grayscale investments, the world's largest digital currency asset manager, announced it has begun dissolution of its grayscale xrp trust following the u.s. Ripple's xrp sales amounted to far less than 1% of the massive xrp market that has grown over the last 8 years. A day later, the sec announced the $1.3 billion legal action against ripple and two of its executives for allegedly conducting an unregistered security offering. The securities and exchange commission on tuesday filed a civil suit claiming ripple labs inc. Xrp declined sharply following news of the expected sec suit, with the cryptocurrency falling over 17% to around 46 cents. Ripple's xrp sale