On December 22, the SEC filed a lawsuit against Ripple and two of its co-founders. It alleges that Ripple has raised $1.3 billion in unregistered securities offerings since 2013. The SEC suit said that Larsen and Garlinghouse helped structure and promote sales of XRP, and also "effected personal unregistered sales of XRP totaling approximately $600 million."
So far, three crypto exchanges have stopped trading XRP over the lawsuit, with one exchange having delisted it.
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