Ripple against SEC

What happened?

United States Securities and Exchange Commission (SEC) sued Ripple in December 2020. They claim that Ripple raised illegally $ 1.3 billion through an unregistered securities offering. The lawsuit states that Ripple violated securities laws during the selling of XRP.

Who and how decides what is considered a security and what is not?

Cryptocurrency is a consistently hot topic of debate among global economies and governments. Some are digital asset friendly and openly supportive. But others are still in no hurry to give official decisions on the legality.

Can cryptocurrency get any benefits from regulators?

Regulators have shown steady interest, but the federal government has yet to implement a global constitutional preventive power to regulate blockchain. In some states, things are different.

What is the end of the story with Ripple and the SEC can be?

How can the story with Ripple and the SEC end? There are many different speculations and guesses in the crypto community.

Brief conclusion

Although U.S. cryptocurrency exchanges, including Coinbase and Kraken, have stopped XRP trading following SEC lawsuit, XRP is still traded on exchanges outside the United States. So, there’s a reason for Ripple’s success, but with no clear guarantees for them to the moment.



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Cratos Official

Cratos Official

Cratos is a licensed and regulated in the EU crypto exchange service