U.S. SEC charges blockchain payments firm Ripple with conducting unregistered securities offering

1 month ago
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Tuesday said it filed an action against Ripple, the blockchain payments company associated with the cryptocurrency XRP, charging it with conducting a $1.3 billion unregistered securities offering.

The SEC said it also named two executives of San Francisco-based Ripple in the action. Ripple created and sold XRP, the third-biggest cryptocurrency by market value.

Source: Read Full Article

Tags: , , , , ,

More Stories

GameStop naysayers see stock squeeze with losses of $6B

3 hours ago

Watchdog to probe if Justice Dept. officials improperly tried to alter 2020 presidential election

4 hours ago

Biden overturns ban on transgender people serving in the U.S. military

4 hours ago

You may have missed

The perfect match? Both Bitcoin and DeFi push and pull crypto markets

47 mins ago

Senator Patrick Leahy, the longest-serving Democrat, will preside over Trump’s impeachment trial.

47 mins ago

Anonymous Investor: Get Bitcoin When It's Not a Big Discussion Factor

49 mins ago

Former White House chief of staff Mark Meadows considered working at the Trump Organization because of a lack of job prospects, report says

50 mins ago

One measure shows the stock market is still affordable at current levels – but investors should avoid these 3 bubble-like pockets, Goldman Sachs says

50 mins ago