the SEC filed a lawsuit against Ripple for the alleged sale of unlicensed securities

XRP is the fastest & most scalable digital currency, enabling real-time global payments anywhere in the world.
In December 2020, the SEC filed a lawsuit against Ripple for the alleged sale of unlicensed securities in the form of XRP.
In its lawsuit, the SEC has alleged that Ripple’s sale of XRP constitutes an unlawful offer and sale of securities in violation of sections 5(a) and 5(c) of U.S law.
In recent days, the XRP price has seen a 90% bull rally, resulting in a bull flag pattern. Following the upswing, Ripple began consolidating, which is what led to the bull flag pattern.
The SEC says Ripple Labs has manipulated the XRP coin price for years amid an information vacuum, representing a substantial risk to investors.
XRP is special; It enables faster, cheaper and more reliable cross-border payments. XRP offers banks and payment providers a reliable, on-demand source .

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