This week in crypto. August 30-September 5: Ripple v SEC, ICPunks and more...
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Ripple v SEC If you’re a fan of legal drama, you would definitely appreciate what’s happening now between Ripple and the SEC. If you’re not, you should still keep an eye on it, as an important precedent in crypto law is about to be set. In December’20 the American Securities and Exchange Commission filed a lawsuit against Ripple, the company behind Ripple blockchain and XRP cryptocurrency, alleging that it released over $1.3 Bn worth of unlicensed securities to the public. The securities in question are the XRP coins that had the misfortune of being entirely pre-mined in 2012.
This week in crypto. August 30-September 5: Ripple v SEC, ICPunks and more...
This week in crypto. August 30-September 5…
This week in crypto. August 30-September 5: Ripple v SEC, ICPunks and more...
Ripple v SEC If you’re a fan of legal drama, you would definitely appreciate what’s happening now between Ripple and the SEC. If you’re not, you should still keep an eye on it, as an important precedent in crypto law is about to be set. In December’20 the American Securities and Exchange Commission filed a lawsuit against Ripple, the company behind Ripple blockchain and XRP cryptocurrency, alleging that it released over $1.3 Bn worth of unlicensed securities to the public. The securities in question are the XRP coins that had the misfortune of being entirely pre-mined in 2012.