Close Menu
  • Crypto News
    • News
    • Bitcoin
    • Blockchain
    • BNB
    • Dogecoin
    • Ethereum
    • Litecoin
    • Meme Coins
    • Solana
    • Toncoin
    • XRP
  • Business
  • Markets
  • Regulation
  • Guides
  • Press Release
What's Hot

Centralized Exchange Spot Volume Hits 9-Month Low In June 2025

July 9, 2025

Grayscale Mixed Crypto Fund Clears SEC, A Way For Altcoin ETFs

July 9, 2025

Germany Crypto Adoption Expands With Sparkassen’s Bold Move

July 9, 2025
Facebook X (Twitter) Instagram
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Policy
X (Twitter) Telegram
Crypto Junction
  • Crypto News
    • News
    • Bitcoin
    • Blockchain
    • BNB
    • Dogecoin
    • Ethereum
    • Litecoin
    • Meme Coins
    • Solana
    • Toncoin
    • XRP
  • Business
  • Markets
  • Regulation
  • Guides
  • Press Release
Crypto Junction
Home » Ripple Faces SEC Lawsuit Over XRP, Cryptocurrency Drops Sharply
Crypto XRP

Ripple Faces SEC Lawsuit Over XRP, Cryptocurrency Drops Sharply

Karly MarieBy Karly MarieDecember 23, 2020Updated:March 9, 20253 Mins Read
Twitter Telegram Copy Link Pinterest LinkedIn Facebook Reddit
Share
Twitter Telegram Facebook Pinterest Copy Link

SEC to Sue Ripple for Alleged Securities Violations

Ripple, the blockchain firm behind the cryptocurrency XRP, has announced it expects to be sued by the U.S. Securities and Exchange Commission (SEC). The lawsuit alleges Ripple engaged in an illegal sale of unregistered securities by offering XRP to investors.

Ripple CEO Brad Garlinghouse and co-founder Chris Larsen are expected to be named in the lawsuit, which claims the company violated investor protection laws. Garlinghouse has strongly denied the allegations, calling the SEC’s case “fundamentally wrong as a matter of law and fact.”

XRP’s Legal Status Under Question

The SEC’s case hinges on whether XRP should be classified as a security. Ripple argues that XRP is a currency, much like Bitcoin and Ethereum, and does not require SEC registration.

Garlinghouse pointed out that the U.S. Justice Department and the Treasury’s Financial Crimes Enforcement Network (FinCEN) had already determined in 2015 that XRP is a virtual currency. He also noted that no other G20 country has classified XRP as a security, questioning the timing of the lawsuit just before a change in U.S. administration.

Why This Lawsuit Matters for Ripple and the Crypto Industry

Ripple’s XRP is one of the largest cryptocurrencies, with a market capitalization exceeding $20 billion. If the SEC succeeds in labeling XRP as a security, Ripple could face severe regulatory restrictions, impacting its business model and the broader crypto market.

Other companies, such as Block.one and Kik, have previously faced SEC lawsuits over unregistered securities sales, resulting in hefty settlements. Ripple’s case could set a significant precedent for how cryptocurrencies are regulated in the U.S.

XRP Price Takes a Hit Amid Legal Uncertainty

News of the impending SEC lawsuit caused XRP prices to tumble, dropping over 17% to around $0.46. The broader crypto market also reacted, with Bitcoin falling over 5% to $22,620 and Ethereum declining by 7% to $595.

Ripple has hinted at relocating its headquarters outside the U.S. due to regulatory uncertainty, with London, Switzerland, Singapore, and Japan among the potential destinations.

What’s Next for Ripple and XRP?

With the SEC lawsuit looming, Ripple’s future remains uncertain. A legal battle could drag on for months or even years, affecting investor confidence in XRP. If Ripple loses the case, it may have to pay fines and restructure its business model.

The outcome of this lawsuit will likely have broader implications for the cryptocurrency industry, shaping how regulators classify and oversee digital assets in the future.

Bitcoin Blockchain Crypto Regulation cryptocurrency news fintech Ripple SEC lawsuit XRP
Share. Telegram Twitter LinkedIn Pinterest Facebook Reddit Copy Link
Karly Marie
Karly Marie

Related Posts

Centralized Exchange Spot Volume Hits 9-Month Low In June 2025

July 9, 2025

Grayscale Mixed Crypto Fund Clears SEC, A Way For Altcoin ETFs

July 9, 2025

Germany Crypto Adoption Expands With Sparkassen’s Bold Move

July 9, 2025

Katana DeFi Mainnet Goes Live, Capital Hits $200M

July 9, 2025
Trending Posts

10 Red Flags to Spot in Telegram Presale Groups Before You Get Scammed

April 22, 2025

Bitcoin Cash Hash War: ABC vs. SV, Who Won, What’s Next?

November 26, 2018

The COIN Act: Can This Bill Stop Trump’s Digital Cash Flow?

June 27, 2025

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Crypto Junction, founded in 2014, is one of the original and most trusted sources for cryptocurrency news and blockchain insights. We provide accurate, unbiased, and timely coverage of digital assets, market trends, and industry developments.

All content on Crypto Junction is for informational and educational purposes only and should not be considered financial, investment, or legal advice. Cryptocurrency investments are highly volatile and carry risks. Always conduct your own research before making financial decisions.

We're social. Connect with us:

X (Twitter) Telegram
Top Insights

Centralized Exchange Spot Volume Hits 9-Month Low In June 2025

July 9, 2025

Grayscale Mixed Crypto Fund Clears SEC, A Way For Altcoin ETFs

July 9, 2025

Germany Crypto Adoption Expands With Sparkassen’s Bold Move

July 9, 2025
ABOUT
  • About Us
  • Cookie Policy
  • Editorial Policy
  • Investment Disclaimer
  • Press and Media Kit
  • Terms of Service
  • Affiliate Disclosure
  • Contact Us
NEWSLETTER

Subscribe to Updates

Get the latest crypto news and updates direct to your inbox - we don't spam

X (Twitter) Telegram
  • Altcoin News
  • Bitcoin News
  • Dogecoin News
  • Ethereum News
  • Litecoin News
  • Meme Coin News
  • Solana News
  • XRP News
© 2025 Crypto Junction

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 113,612.44
ethereum
Ethereum (ETH) $ 2,815.61
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.50
bnb
BNB (BNB) $ 679.04
solana
Solana (SOL) $ 159.72
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.185434
tron
TRON (TRX) $ 0.291501
staked-ether
Lido Staked Ether (STETH) $ 2,820.16
cardano
Cardano (ADA) $ 0.654131
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 113,227.34
hyperliquid
Hyperliquid (HYPE) $ 42.98
sui
Sui (SUI) $ 3.42
wrapped-steth
Wrapped stETH (WSTETH) $ 3,397.93
bitcoin-cash
Bitcoin Cash (BCH) $ 509.98
chainlink
Chainlink (LINK) $ 14.65
stellar
Stellar (XLM) $ 0.300373
leo-token
LEO Token (LEO) $ 9.09
avalanche-2
Avalanche (AVAX) $ 19.88
hedera-hashgraph
Hedera (HBAR) $ 0.181066
wrapped-eeth
Wrapped eETH (WEETH) $ 3,017.62
shiba-inu
Shiba Inu (SHIB) $ 0.000013
usds
USDS (USDS) $ 1.00
weth
WETH (WETH) $ 2,817.02
the-open-network
Toncoin (TON) $ 2.90
litecoin
Litecoin (LTC) $ 92.78
whitebit
WhiteBIT Coin (WBT) $ 46.69
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
monero
Monero (XMR) $ 325.52
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 113,662.45
polkadot
Polkadot (DOT) $ 3.73
ethena-usde
Ethena USDe (USDE) $ 1.00
bitget-token
Bitget Token (BGB) $ 4.48
uniswap
Uniswap (UNI) $ 8.26
pepe
Pepe (PEPE) $ 0.000012
aave
Aave (AAVE) $ 305.61
pi-network
Pi Network (PI) $ 0.490087
dai
Dai (DAI) $ 1.00
bittensor
Bittensor (TAO) $ 365.47
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18
aptos
Aptos (APT) $ 4.72
near
NEAR Protocol (NEAR) $ 2.43
crypto-com-chain
Cronos (CRO) $ 0.095904
okb
OKB (OKB) $ 48.64
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
internet-computer
Internet Computer (ICP) $ 5.26
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 193.99
ondo-finance
Ondo (ONDO) $ 0.871657
ethereum-classic
Ethereum Classic (ETC) $ 17.89
susds
sUSDS (SUSDS) $ 1.06
usd1-wlfi
USD1 (USD1) $ 1.00
kaspa
Kaspa (KAS) $ 0.083061
cosmos
Cosmos Hub (ATOM) $ 4.44
mantle
Mantle (MNT) $ 0.599582
vechain
VeChain (VET) $ 0.023383
gatechain-token
Gate (GT) $ 16.14
ethena
Ethena (ENA) $ 0.303551
fasttoken
Fasttoken (FTN) $ 4.45
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.212317
official-trump
Official Trump (TRUMP) $ 9.53
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.717365
arbitrum
Arbitrum (ARB) $ 0.374206
render-token
Render (RENDER) $ 3.51
bonk
Bonk (BONK) $ 0.000023
sky
Sky (SKY) $ 0.08296
algorand
Algorand (ALGO) $ 0.201437
filecoin
Filecoin (FIL) $ 2.52
worldcoin-wld
Worldcoin (WLD) $ 0.991256
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,820.52
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 113,473.40
quant-network
Quant (QNT) $ 112.34
sei-network
Sei (SEI) $ 0.286082
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.65
binance-staked-sol
Binance Staked SOL (BNSOL) $ 169.33
usdtb
USDtb (USDTB) $ 0.999776
first-digital-usd
First Digital USD (FDUSD) $ 1.00
spx6900
SPX6900 (SPX) $ 1.55
kucoin-shares
KuCoin (KCS) $ 11.25
jupiter-exchange-solana
Jupiter (JUP) $ 0.464374
usdt0
USDT0 (USDT0) $ 1.00
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,957.48
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,212.76
nexo
NEXO (NEXO) $ 1.25
celestia
Celestia (TIA) $ 1.75
fartcoin
Fartcoin (FARTCOIN) $ 1.22
pudgy-penguins
Pudgy Penguins (PENGU) $ 0.019031
xdce-crowd-sale
XDC Network (XDC) $ 0.073604
flare-networks
Flare (FLR) $ 0.016508
injective-protocol
Injective (INJ) $ 11.39
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.69
blockstack
Stacks (STX) $ 0.720734
optimism
Optimism (OP) $ 0.616778
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,014.36
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00
sonic-3
Sonic (S) $ 0.329923
stakewise-v3-oseth
StakeWise Staked ETH (OSETH) $ 2,964.51
solv-btc
Solv Protocol BTC (SOLVBTC) $ 113,282.35
dogwifcoin
dogwifhat (WIF) $ 1.01
binance-bridged-usdc-bnb-smart-chain
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00