Law360 (December 22, 2020, 10:51 AM EST) — Fintech startup Ripple said Monday night that the U.S. Securities and Exchange Commission plans to launch an enforcement action claiming the sale of the company’s flagship digital currency violated federal securities laws.
The SEC has yet to publicly respond to the claim and declined to comment when reached Tuesday morning, but Ripple CEO Brad Garlinghouse said in a tweet on Monday that the regulator had “voted to attack crypto,” apparently referring to a forthcoming civil suit alleging that Ripple’s signature XRP was sold as an unregistered security.
Minutes after Garlinghouse’s tweet, Ripple general counsel Stuart Alderoty posted a summary of the…
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