Cryptocurrency company Ripple is facing a lawsuit by the Securities and Exchange Commission for allegedly violating investor-protection laws against selling unregistered securities when it sold XRP to investors. Reports said the SEC is expected to file the case against Ripple, its CEO Brad Garlinghouse and co-founder Chris Larsen. Garlinghouse said he expects the lawsuit to be filed within days.
Real question is what will happen to XRP, and those of us who own it...
Oh yah, all these armchair cowboys are poised to enter the crypto currency market. Hold onto your seats, the corruption is only just beginning.