XRP Drops As ‘SEC Voted to Attack’ Ripple (UPDATED)


XRP-affiliated, US-based major blockchain company Ripple claims that the US Securities and Exchange Commission (SEC) plans to file a lawsuit against the company because it allegedly violated investor-protection laws when it sold XRP. (Updated at 05:41 UTC: new comments from Ripple have been added. Updated at 07:36 UTC: new reactions have been added. Updated at 16:37 UTC: updates throughout the entire text.)

Updated: XRP Slides to Two-month Low As SEC Filed Suit Against Ripple

“Today, the SEC voted to attack crypto. Chairman Jay Clayton – in his final act – is picking winners and trying to limit US innovation in the crypto industry to BTC and ETH,” Ripple CEO Brad Garlinghouse said.

At the time of writing (16:34 UTC), XRP trades at USD 0.47 and is down by 11% in a day, and is the worst performer among the top 120 assets by market capitalization today. The price is unchanged in a week and is up by 12% in a month. It also rallied by 146% in a year.

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