XRP is the native token of the XRP Ledger, and the cryptocurrency used by the Ripple payment network. 

It's built for enterprise use on a global scale and helps power cost-efficient cross-border payments.

The SEC's suit against Ripple has triggered a steep sell-off in price for the payments token XRP. Meanwhile, prices for Chainlink's token have increased seven-fold this year, most among CoinDesk 20.

First Mover: XRP Plunges 20% as Traders Assess SEC's Ripple Suit

IOHK CEO Charles Hoskinson says that the U.S. Securities and Exchange Commission's (SEC) impending lawsuit against Ripple could have ramifications for the entire crypto industry. In a new YouTube video posted on his channel, Hoskinson explains his thinking. “The reason why this is a big deal for the industry as a whole is that it […] The post SEC's Ripple and XRP Lawsuit May Be Largest Regulatory Event in History of Crypto, Says Charles Hoskinson appeared first on The Daily Hodl.

SEC's Ripple and XRP Lawsuit May Be Largest Regulatory Event in History of Crypto, Says Charles Hoskinson

Ripple's XRP has lost almost 40% of its value after the token price dropped from $0.51 on December 21 to $0.31 at the time of writing. The token's plunge appears to be the result of legal proceedings initiated against Ripple by the US Securities and Exchange Commission (SEC). At the time of writing, the fourth-ranked […] The post XRP Token Plunges Nearly 40% Following the Announcement of SEC Charges Against Ripple appeared first on Bitcoin News.

XRP Token Plunges Nearly 40% Following the Announcement of SEC Charges Against Ripple

The SEC's $1.3 billion lawsuit against Ripple has already caused some exchanges to put things on pause.

Three Exchanges Have Now Stopped Trading XRP

Hong Kong-based licensed crypto exchange OSL has suspended XRP trading until further notice. The post Hong Kong crypto exchange OSL suspends XRP trading until further notice appeared first on The Block.

Hong Kong crypto exchange OSL suspends XRP trading until further notice

The SEC is accusing Ripple of violating federal securities laws via sales of the XRP cryptocurrency to retail consumers.

Hong Kong Trading Platform OSL Suspends XRP Services as SEC Sues Ripple

Cryptocurrency XRP tumbled 18% to a one-month low on Wednesday after the U.S. Securities and Exchange Commission (SEC) charged associated blockchain firm Ripple with conducting a $1.3 billion unregistered securities offering.

Cryptocurrency XRP drops 18% after U.S. SEC charges Ripple over offering

"MoneyGram will continue to monitor the situation" following an SEC lawsuit against its part-owner, Ripple, a spokesperson told CoinDesk.

MoneyGram Takes Wait-and-See Approach as SEC Sues Partner Ripple

The SEC has officially filed its lawsuit against the San Francisco-based payments company Ripple. The suit alleges that XRP was an unregistered security upon its launch and remains a security to this day. It also names Ripple chief executive officer Brad Garlinghouse and co-founder Chris Larsen in their individual capacity. “From at least 2013 through […] The post SEC Officially Files Suit Against Ripple, Alleges XRP Is a Security to This Day appeared first on The Daily Hodl.

SEC Officially Files Suit Against Ripple, Alleges XRP Is a Security to This Day

The price of Ripple's XRP, the world's third-largest cryptocurrency, has tumbled more than 10% in the past 24 hours.

SEC Charges Ripple With Selling $1.3 Billion In Unregistered Securities, XRP Loses $2 Billion In Market Value

The U.S. Securities and Exchange Commission (SEC) on Tuesday said it 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.

U.S. SEC charges blockchain payments firm Ripple with conducting unregistered securities offering

The US Securities and Exchange Commission alleges that Ripple held an unregistered securities sale.

SEC Files $1.3 Billion Lawsuit against XRP Creator Ripple

As expected, the SEC has filed suit against Ripple, saying it violated federal securities laws in selling $1.3 billion in XRP over the past seven years in an "ongoing" sale.

SEC Sues Ripple Over 7-Year, $1.3B ‘Ongoing' XRP Sale

The Securities and Exchange Commission has filed a lawsuit against Ripple, CEO Brad Garlinghouse and co-founder Chris Larsen for conducting what the regulator alleged to be a $1.3 billion unregistered securities sale.  The post SEC files lawsuit against Ripple and two executives, alleging it sold $1.3 billion in unregistered securities appeared first on The Block.

SEC files lawsuit against Ripple and two executives, alleging it sold $1.3 billion in unregistered securities

Already, CrossTower, a small exchange that opened in June, is considering delisting the cryptocurrency.

An SEC Victory in Ripple Case Would Render XRP ‘Untradeable,' Market Pros Say

While the crypto market recovers from yesterday's crash, XRP continues to hurt.

SEC Suit Sinks XRP's Price While Rest of Crypto Market Recovers From Crash

The SEC has not confirmed the lawsuit, but the price of Ripple's XRP, the world's third-largest cryptocurrency, has tumbled more than 10% in the past 24 hours.

Ripple's XRP Loses $2 Billion In Market Value After CEO Warns Of 'Shocking' SEC Suit

A longtime critic of Ripple and the crypto asset XRP says he's on Ripple's side in an expected legal battle over the status of the third-largest cryptocurrency. According to Ripple itself, the US Securities and Exchange Commission is about to sue the San Francisco startup on claims that it sold XRP as an unregistered security. […] The post One of XRP's Biggest Critics Is Standing Behind Ripple in Expected Legal Battle With SEC appeared first on The Daily Hodl.

One of XRP's Biggest Critics Is Standing Behind Ripple in Expected Legal Battle With SEC

The U.S. Securities and Exchange Commission (SEC) is set to bring a lawsuit against Ripple over the XRP cryptocurrency which it considers a security, according to Ripple CEO Brad Garlinghouse. Insisting that XRP is not a security, he calls the SEC's lawsuit an attack on cryptocurrency that is out of step with the G20 countries […] The post SEC to Sue Ripple Over XRP Cryptocurrency — CEO Insists XRP Is Not a Security appeared first on Bitcoin News.

SEC to Sue Ripple Over XRP Cryptocurrency — CEO Insists XRP Is Not a Security

Cryptocurrency industry observers have largely sided with impending US regulatory action on Ripple's issuance and handling of XRP tokens.

Crypto Fans React to Ripple Lawsuit on ‘Unlicensed' XRP Sales

Reports about the US Securities and Exchange Commission's upcoming lawsuit have rippled XRP's market price.

XRP Drops 18% Ahead of Potential SEC Lawsuit Against Ripple

The price XRP is down 16% after Ripple CEO Brad Garlinghouse announced the company will be sued by the Securities and Exchange Commission (SEC). Garlinghouse says the payments startup, which owns more than half of the total supply of XRP, is gearing up to fight accusations that the company has illegally sold the digital asset […] The post XRP Price Plunges After Ripple Says Company Will Be Sued by SEC appeared first on The Daily Hodl.

XRP Price Plunges After Ripple Says Company Will Be Sued by SEC

In an interview, the Ripple CEO told Fortune that the SEC plans to sue the company in the near future for offering unlicensed securities.

SEC plans to Sue Ripple: Fortune Magazine report

The U.S. Securities and Exchange Commission (SEC) intends to sue Ripple over its sale of XRP, CEO Brad Garlinghouse said Monday. This is a developing story.

SEC to Sue Ripple Over XRP Sales, CEO Says

The U.S. Securities and Exchange Commission (SEC) is set to sue Ripple, according to a report from Fortune. Fortune reports that the “lawsuit will also name Ripple's CEO Brad Garlinghouse and cofounder Chris Larsen as defendants.” Brad Garlinghouse, Ripple's CEO, told Fortune that SEC Chairman Clayton “shamefully, he has decided to sue Ripple, and leave […] The post Ripple says it will be sued by SEC: Report appeared first on The Block.

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