The Genesis of the Conflict: Ripple vs. SEC
The roots of the conflict between Ripple and the SEC trace back to December 2020 when the SEC filed a lawsuit against Ripple Labs, its CEO Brad Garling house, and co-founder Chris Larsen. The SEC alleges that Ripple conducted an unregistered securities offering by selling XRP, arguing that XRP should be classified as a security rather than a cryptocurrency.·
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