Ripple announced that the Securities and Exchange Commission has officially dropped its lawsuit accusing the company, according to CNBC. The lawsuit accused the company of raising over $1 billion through XRP sales without registering them as securities. The dismissal follows a wave of resolved or dropped SEC actions involving Coinbase, Kraken, Robinhood, Binance, and OpenSea. The SEC is shifting from enforcement to engagement under the Trump administration.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Ripple announced that the Securities and Exchange Commission has officially
00:05dropped its lawsuit accusing the company, according to CNBC.
00:08The lawsuit accused the company of raising over $1 billion
00:11through XRP sales without registering them as securities.
00:15This missile follows a wave of resolved or dropped SEC actions
00:19involving Coinbase, Kraken, Robinhood, Binance, and OpenSea.
00:23The SEC is shifting from enforcement to engagement under the Trump administration.
00:27For all things money, visit Benzinga.com.