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New Investigation Reveals SEC v. Ripple Case Has More To It Than Just XRP

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ZyCrypto

Thu, Nov 25, 2021

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Aliens TLDR

Fox Business released their investigative report on the Ripple vs SEC lawsuit.

The report which details the entire case so far finds the SEC’s move against Ripple to still be dubious.

As promised by the leading news channel, Fox Business, the media outlet has now released its investigative report on the lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, Inc. The case has been dragging on since December last year and has attracted a lot of attention from the public and the media.

In Fox Business’s report, they start with the situation around the time the SEC first took action against the fintech company.

For one, the SEC considered Ethereum and its Ether token, which had a lot of similarities with XRP, along with Bitcoin to not be securities.

This has warranted XRP holders to join the fray and make their case against the SEC.

XRP holders have argued that the SEC’s action was not in their best interest.

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