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this is ggmania.com subsite Ripple Cites Viral Tweet on Status of XRP in Legal Battle Against SEC - TechAmok

Ripple Cites Viral Tweet on Status of XRP in Legal Battle Against SEC - [briefly]
09:07 AM EDT - Aug,25 2021 - post a comment

Ripple is citing a U.S. Securities and Exchange Commission (SEC) letter to a retail investor in its ongoing legal battle against the top US regulator. A Twitter user named 'Frank' claims that he reached out to the SEC after buying XRP to see whether he purchased a security. In a viral tweet, the user shared a screenshot of the SEC's response, which indicated that as of October 2020, the regulator hadn't issued a determination on the digital asset's status as a security. Two months later, the SEC filed a lawsuit alleging Ripple offered XRP as an unregistered security.

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