According to CoinGecko, the XRP price is $0.43, at the time of writing.

In addition, the price of XRP fell by over 60%, from close to $0.6 the month before to $0.25. Ripple Won a Slight Reprieve from its Myriad Legal Issuesįollowing the SEC’s lawsuit in December, many cryptocurrency exchanges such as Coinbase and Kraken delisted XRP trading services for US crypto users. Even more, the SEC also called Ripple’s CEO Brad Garlinghouse and executive chairman Chris Larsen as co-defendants for allegedly aiding and abetting Ripple’s violations and making $600 million in personal profits from their unregistered sales of XRP. More so, alleging that its sale of XRP was an unregistered securities offering worth over$1.38 billion. Last December, the SEC filed a lawsuit against Ripple Labs. In a March 14 XRP holders’ attorney John Deaton memorandum to Torres’ court in the Southern District of New York, Deaton excoriated the SEC for the XRP’s price collapse and resulting in multi-billions in losses. However, this is because most US exchanges have delisted and/or suspended XRP trading. Moreover, it is not only Ripple’s current distribution of XRP that is at issue, but XRP Holders faces issues. “the SEC’s intentional misconduct and/or gross negligence and gross abuse of discretion related to its allegations and claims regarding the Digital Asset XRP.”

In a letter addressed to Analisa Torres, an US District Court Judge, XRP holders said, Ripple (XRP) holders seek to join the US SEC’s lawsuit against Ripple as third-party defendants, as per new legal filings. XRP Holders Join SEC Lawsuit as Third Party Defendants XRP holders seek to join the US Securities and Exchange Commission’s lawsuit against Ripple. Ripple still faces lawsuits from XRP holders in California and Florida.Ripple won a slight reprieve from its myriad legal problems.

XRP holders blame SEC for causing ‘multi-billions in losses’.Posted on Ma(June 14, 2021), 3:29 pm by Cianna Joy 1 year ago | 3 mins read Altcoin News

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