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December 22, 2020 09:35 pm GMT

SEC charges blockchain payments firm Ripple with conducting unregistered securities offering

The U.S. Securities and Exchange Commission (SEC) announced on Tuesday it has filed an action against Ripple, the blockchain payments company associated with the cryptocurrency XRP, charging it with conducting a $1.3 billion unregistered securities offering.

Reports Reuters,

SEC said it also named two executives of San Francisco-based Ripple in the action.

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Original Link: https://boingboing.net/2020/12/22/sec-charges-blockchain-payments-firm-ripple-with-conducting-unregistered-securities-offering.html

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