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Ripple s XRP token has fallen more than 30% after the SEC filed a lawsuit against the cryptocurrency firm
Ripple s XRP token has fallen more than 30% after the SEC filed a lawsuit against the cryptocurrency firm
Amanda CooperDec 23, 2020, 18:50 IST
A ripple coin stands on a tableThomas Trutschel/Getty Images
Ripple s
XRP cryptocurrency tumbled by as much 32% on Wednesday, after the US regulator filed a lawsuit against the company s executives over sales of the token.
XRP lost as much as a third in value after the US regulator charged cryptocurrency firm
Ripple over how it has sold the digital token.
The token fell to its lowest since November 20, effectively wiping out all of last month s 177% gain.