Ripple XRP Is Now Being Sued By The SEC - I Warned You!!!
The U.S. Securities and Exchange Commission (SEC) believes Ripple Labs violated federal securities laws in selling the XRP cryptocurrency to retail consumers. According to a lawsuit filed Tuesday, Ripple raised $1.3 billion over a seven-year period to retail investors through its sale of XRP (-17.97%) on an ongoing basis. Ripple CEO Brad Garlinghouse announced Monday that the SEC had told his company of the impending lawsuit, and published the payment firm’s Wells Response, a document that seeks to tell the SEC why certain activity did not violate U.S. securities laws. The San Francisco-based fintech firm has long maintained that XRP the cryptocurrency is separate from Ripple the company. The cryptocurrency was often referred to as “ripple” through early 2018 and shared a logo with the company until later that year. Join My Tech Academy: https://www.mytechacademy.io Join My Mailing List: https://www.mytechacademy.io/youtube-channel-mailing-list-2 Donate: https://www.paypal.me/elijah526 https://www.instagram.com/CommonSenseEli/ #Investing #XRP #Ripple DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
The U.S. Securities and Exchange Commission (SEC) believes Ripple Labs violated federal securities laws in selling the XRP cryptocurrency to retail consumers. According to a lawsuit filed Tuesday, Ripple raised $1.3 billion over a seven-year period to retail investors through its sale of XRP (-17.97%) on an ongoing basis. Ripple CEO Brad Garlinghouse announced Monday that the SEC had told his company of the impending lawsuit, and published the payment firm’s Wells Response, a document that seeks to tell the SEC why certain activity did not violate U.S. securities laws. The San Francisco-based fintech firm has long maintained that XRP the cryptocurrency is separate from Ripple the company. The cryptocurrency was often referred to as “ripple” through early 2018 and shared a logo with the company until later that year. Join My Tech Academy: https://www.mytechacademy.io Join My Mailing List: https://www.mytechacademy.io/youtube-channel-mailing-list-2 Donate: https://www.paypal.me/elijah526 https://www.instagram.com/CommonSenseEli/ #Investing #XRP #Ripple DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.