Category: Ripple
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XRP Token Plunges Nearly 40% Following the Announcement of SEC Charges Against Ripple
Ripple’s XRP has lost almost 40% of its value after the token price dropped from $0.51 on December 21 to $0.31 at the time of writing. The token’s plunge appears to be the result of legal proceedings initiated against Ripple by the US Securities and Exchange Commission (SEC). At the time of writing, the fourth-ranked…
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XRP price falls 24% in 24 hours as exchanges begin delisting
Several exchanges have already halted XRP trading after the SEC’s lawsuit against Ripple was revealed.
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SEC unveils suit against Ripple, calling XRP a ‘$1.3B unregistered securities offering’
The commission is alleging Garlinghouse, Larsen and Ripple have participated in an “unregistered, ongoing digital asset securities offering” to investors since 2013.
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XRP price plunges 21% in two days as SEC targets Ripple — What’s next?
The XRP price correction is exacerbated by reports of a looming lawsuit against Ripple.
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SEC set to sue Ripple with XRP in the crosshairs
Despite the company’s protestations, it appears the SEC is the latest in a long line of plaintiffs.