Crypto company Ripple expects SEC verdict in six months – The National
- Date: 08-May-2023
- Source: The National
- Sector:Financial Markets
- Country:UAE
Crypto company Ripple expects SEC verdict in six months – The National
Cryptocurrency and blockchain company Ripple expects a decision in a US Securities and Exchange Commission lawsuit to come in the next three to six months.
The SEC initiated a lawsuit against Ripple in 2020, alleging that the company illegally sold XRP — a cryptocurrency created in 2012 — to investors without first registering it as a security.
The company has spent $200 million defending itself against the SEC lawsuit, Brad Garlinghouse, chief executive of Ripple, told the Dubai FinTech Summit on Monday.
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