Ripple Formally Responds to SEC Charges: Claims SEC Picks Winners and Losers, Distorts Facts About XRP – Bitcoin News Settlement

Ripple Labs has officially responded to the complaint from the United States Securities and Exchange Commission (SEC). In addition to explaining that XRP cryptocurrency is not a security, Ripple accuses the securities regulator of being at odds, picking winners and losers, as well as distorting the facts related to the cryptocurrency. . In court document filed Jan. 29, Ripple claims XRP is not an “investment contract,” insisting that crypto “is virtual currency and therefore is not within the purview of the SEC.” . Additionally, the company said that