XRP also gradually lost positions in the ranking of the largest capitalized cryptocurrencies. In December 2020, when the SEC lawsuit was announced, the price of XRP collapsed dramatically to below 20 cents. Moreover, the largest holder of XRP tokens is Ripple itself, which gradually releases them on the market. The main difference, however, is that behind Bitcoin and Ethereum, there is no company, while XRP is the token issued by Ripple, a company whose core business is the development of solutions for cross-border payments. Ripple’s argument instead is that XRP is like BTC and ETH. According to the SEC, XRP is to all intents and purposes a security, a bit like stocks, and for that, it needs authorizations. In December 2020, the SEC sued Ripple, claiming that the company had set up an unauthorized security sale. Ripple, at the moment, has made it known that it has not been able to reproduce all the vast amount of messages that the SEC has requested since January. In these conversations would also be present the CEO Brad Garlinghouse. In fact, Ripple had already partially delivered copies of these messages.įrom what we read in the document submitted to the judges, however, the content of the conversations read so far deals with topics that have never been dealt with by email. The lawsuit between the SEC and Ripple has another chapter: the SEC has asked the judges for more evidence of Ripple employees’ conversations on Slack.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |