Ripple (XRP) is already taking a hard beating on following the news that the U.S. Securities and Exchange Commission (SEC) is suing it. Here’s everything that investors need to know about the Ripple lawsuit.

1. Ripple Fall
Things to Know About the Ripple
Lawsuit as XRP Plunges
01.

2. 02. Ripple is on its
way down
Ripple (XRP) is already taking a hard
beating on following the news that
the U.S. Securities and Exchange
Commission (SEC) is suing it.
Here’s everything that investors need
to know about the Ripple lawsuit.

3. The SEC is going
after the company
for allegedly
offering securities
instead of a
cryptocurrency.
This has it
targeting Ripple, as
well as its CEO
Brad Garlinghouse
and co-founder
Chris Larsen.
03.

4. The SEC argues
that XRP should be
treated in the
same way that
shares of a public
company are.
Ripple is arguing against
this claim by stating that
XRP has been identified
as a currency in the past.
It says that this shows it
isn’t subject to the same
regulations that a
security has to meet.
04.

5. The company has been toying
around with the idea of moving
its headquarters overseas. It
would do so to avoid further
regulation issues in the U.S.
05.

6. XRP is a cryptocurrency in the same vein as
Bitcoin or Ethereum. However, one major
difference is that it’s sold by Ripple in segments at
select periods of time. That’s much different than
the typical mining method that other
cryptocurrencies use. Ripple has also been
looking for ways to draw in new users, such as
airdrops through Flare Network. This also works
to further decentralize the cryptocurrency and
help cut out the middle man.
The bad news for Ripple comes as
cryptocurrencies gain extra attention. That
includes bitcoin reaching all-time highs.
06.

7. With the crypto sphere
changing constantly, it is very
important to keep up with the
latest crypto trends and news.
Stay updated on the current most trending
news on crypto right on the BlockBanc app.
07.

8. BlockBanc
blockbanc.ai/#download

9. Our official Telegram group:
t.me/BlockBanc