Cryptocurrency Q&A Why is XRP under investigation?

Why is XRP under investigation?

SamuraiWarriorSoulful SamuraiWarriorSoulful Fri Nov 29 2024 | 7 answers 1358
I heard that XRP, the cryptocurrency, is currently under investigation. I want to know the reasons behind this investigation. Is it related to regulatory issues or some other problems? Why is it being investigated specifically? Why is XRP under investigation?

7 answers

CryptoNinja CryptoNinja Sat Nov 30 2024
The SEC took legal action against Ripple Labs in December 2021.

Was this helpful?

147
44
MichaelSmith MichaelSmith Sat Nov 30 2024
A U.S. court made a ruling on Ripple's XRP sales in July of the previous year.

Was this helpful?

42
81
ZenHarmonious ZenHarmonious Sat Nov 30 2024
The complaint alleged that Ripple Labs conducted an unregistered securities offering.

Was this helpful?

201
58
CryptoVanguard CryptoVanguard Sat Nov 30 2024
According to the court, Ripple's sales of XRP to institutional investors constituted securities transactions.

Was this helpful?

198
97
NebulaNavigator NebulaNavigator Sat Nov 30 2024
The offering in question involved the sale of XRP tokens.

Was this helpful?

324
21
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts