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XRP Crashes As SEC Plans a Lawsuit Against Ripple, Crypto Community Reacts

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Ripple to Face SEC Suit Over XRP Cryptocurrency

Ripple to Face SEC Suit Over XRP CryptocurrencyRipple announced on Monday that the Securities and Exchange Commission (SEC) would file a lawsuit against the company, citing allegations of selling unlicensed securities, XRP. Is XRP a Security? Brad Garlinghouse, CEO of Ripple, and Chris Larsen, co-founder, were named as defendants in the lawsuit. He went on to comment that they would fight back

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