SEC vs. Ripple Lawsuit Explained: Complete Overview
The cryptocurrency space was hit with a bombshell on December 21st when news broke that the SEC would be suing Ripple, the company behind XRP. The next day, the SEC officially announced their lawsuit against not just Ripple, but also Ripple CEO Brad Garlinghouse, and Ripple co-founder Chris Larsen.This has put the price of XRP in a freefall as many investment firms, exchanges, and partners have begun to distance themselves from Ripple and its native cryptocurrency. To the average onlooker it may not be entirely clear why this is happening,