Ripple, a cryptocurrency company, expects to be sued by the S.E.C.
Dec. 22, 2020
Ripple, one of the most valuable companies in the cryptocurrency industry, said on Monday that it expected to be sued by the Securities and Exchange Commission for violating investor protection laws. The suit is expected to accuse the San Francisco-based company of selling unregistered securities when it sold the digital token XRP to investors around the world. Brad Garlinghouse, Ripple’s chief executive, said in an interview that the suit would be against the company along with Mr. Garlinghouse personally, and one of the company’s founders, Chris Larsen.