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SEC Charges Ripple, Two Executives for Failing to Register Cryptocurrency

By Christopher Stern
· · Source: The Information

Federal regulators have charged Ripple Labs CEO Bradley Garlinghouse and founder Christian Larsen with violating securities laws by selling $1.4 billion of the firm’s XRP cryptocurrency without registering it as a financial security. The Securities and Exchange Commission lawsuit alleges that Garlinghouse and Larsen “offered, sold and promoted XRP as an investment.”  The SEC argues that XRP...

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