Understanding XRP: An Overview of its Purpose and the SEC Lawsuit Timeline
July 14, 2023
Cryptocurrencies have revolutionized the financial landscape, offering new possibilities for digital transactions and decentralized systems. One such cryptocurrency, XRP, has gained significant attention in recent years. However, its journey has been marked by a legal battle with the U.S. Securities and Exchange Commission (SEC) who assert that Ripple Labs have been offering an unregulated security. Read on to learn about XRP’s purpose, the timeline of the SEC lawsuit, and ongoing developments.