SEC sues Ripple and two executives for selling XRP crypto: A $1.3 billion securities fraud
The US Securities and Exchange Commission filed a lawsuit against cryptocurrency platform Ripple, its CEO, and its chairman, for orchestrating securities fraud worth $1.3 billion, the agency said Tuesday. The SEC said Ripple illegally marketed XRP, the world’s third-largest cryptocurrency, to retail customers. According to the complaint, Ripple’s chairman, co-founder and former CEO Christian Larsen,
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