Breaking down the ongoing SEC v. Ripple case clarifies the crucial meaning of it for the whole crypto industry.
On Dec. 22, 2020, the United States Securities and Exchange Commission filed a complaint against Ripple Labs. The complaint essentially alleged that Ripple had engaged in a multi-year, sustained practice of illegally selling unregistered, non-exempt securities in the form of its XRP tokens. This complaint, having been filed on the last day of former SEC Chairman Jay Clayton’s tenure at the commission, led to a considerable volume of public commentary, as is not unusual for SEC litigation against major players in the crypto space. What is unusual about SEC versus Ripple is the reaction from a sizable segment of XRP purchasers.Related: SEC vs. Ripple: A predictable but undesirable developmentOn Jan. 1, 2021, a group of XRP purchasers led by attorney John Deaton filed a petition seeking a writ of mandamus in the Di
Źródło: https://cointelegraph.com/news/xrp-purchasers-back-ripple-arguing-that-it-is-not-a-security
