Ripple sued by US SEC for selling unlicensed securities (XRP)

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  • The United States security and exchange commission is getting ready to slap a lawsuit against the San Francisco-based blockchain initiative known as a ripple.
  • The lawsuit comes as the company has been allegedly selling unlicensed securities in the form of its native token, XRP.

The United States security and exchange commission is getting ready to slap a lawsuit against the San Francisco-based blockchain initiative known as a ripple. The lawsuit comes as the company has been allegedly selling unlicensed securities in the form of its native token.

As a result of the lawsuit and legal battle ahead for the company, the chief executive officer of the blockchain company, Brad Garlinghouse took to Twitter saying that the commission is attacking crypto. He further said:

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