SEC vs. Ripple case could establish limit on agency’s future involvement in crypto regulation: sources

SEC vs. Ripple case could establish limit on agency’s future involvement in crypto regulation: sources

A seemingly esoteric legal battle involving the Securities and Exchange Commission and fintech startup Ripple Labs could provide clarity on how much authority the SEC has over regulating the $2.2 trillion crypto market. The bad blood between Ripple and the SEC began in December 2020 when the SEC filed a lawsuit alleging Ripple Labs, a global payments platform, had violated securities laws by failing to register its XRP cryptocurrency as a security.

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