The SEC alleges Ripple and its executives sold $1.3 billion worth of XRP in an unregistered securities offering.
Ripple is making "good progress" in its legal feud with the U.S. Securities and Exchange Commission, CEO Brad Garlinghouse said.The SEC alleges Ripple and its executives sold $1.3 billion worth of the cryptocurrency XRP in an unregistered securities offering.
In this photo illustration of the ripple cryptocurrency 'altcoin' sits arranged for a photograph on April 25, 2018 in London, England.Fintech company Ripple is making great strides in its legal feud with the U.S. Securities and Exchange Commission, CEO Brad Garlinghouse told CNBC on Monday., the world's seventh-biggest cryptocurrency, will likely reach a conclusion next year.
"We're seeing pretty good progress despite a slow-moving judicial process," he told CNBC's Dan Murphy. "Clearly we're seeing good questions asked by the judge. And I think the judge realizes this is not just about Ripple, this will have broader implications."Ripple, which is based in San Francisco, generated a lot of buzz during the crypto frenzy of late 2017 and 2018, which saw the prices of
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