MSI Net, Inc. & mCloudServ

SEC sues Ripple Labs, its CEO Brad Garlinghouse, and Chairman Chris Larsen, alleging they violated federal securities laws in selling XRP to retail consumers (Nikhilesh De/CoinDesk)

Nikhilesh De / CoinDesk:

SEC sues Ripple Labs, its CEO Brad Garlinghouse, and Chairman Chris Larsen, alleging they violated federal securities laws in selling XRP to retail consumers  —  The U.S. Securities and Exchange Commission (SEC) believes Ripple Labs violated federal securities laws in selling the XRP cryptocurrency to retail consumers.