SEC Charges Ripple With Selling $1.3 Billion In Unregistered Securities, XRP Loses $2 Billion In Market Value

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The price of Ripple's XRP, the world's third-largest cryptocurrency, has tumbled more than 10% in the past 24 hours.

it released in April 2019 about when and how cryptocurrencies may be classified as securities, but it's been relatively quiet on the front ever since. The suit against Ripple, however, could mean that's set to change as the cryptocurrency market soars toward new highs during the pandemic.

Monday, digital asset management firm CoinShares said cumulative investments into cryptocurrency funds have totaled about $5 billion so far this year, eclipsing the approximately $1.4 billion plowed into the space through the end of last year.“Other major branches of the U.S.

 

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