WASHINGTON (Reuters) – The U.S. Securities and Change Fee (SEC) on Tuesday stated it filed an motion towards Ripple, the blockchain funds firm related to the cryptocurrency XRP, charging it with conducting a $1.3 billion unregistered securities providing.
The SEC stated it additionally named two executives of San Francisco-based Ripple within the motion. Ripple created and bought XRP, the third-biggest cryptocurrency by market worth.
Reporting by Katanga Johnson and Mohammad Zargham; Modifying by Leslie Adler
