Tag Archives: SEC files

Cryptocurrency XRP plunges 25% after SEC files lawsuit against Ripple

Cryptocurrency XRP

The price of XRP plunged again Wednesday after the U.S. Securities and Exchange Commission filed a lawsuit alleging that Ripple, a blockchain company with ties to the cryptocurrency, conducted a $1.3 billion unregistered securities offering. XRP sank nearly 25% to around 35 cents Wednesday morning, according to data from cryptocurrency market site CoinDesk. The virtual currency fell […]