Ripple Says SEC ‘Picking’ Crypto Winners and Losers in XRP Fight
This article is for subscribers only.
The U.S. Securities and Exchange Commission is trying to treat the cryptocurrency XRP as a security even as it exempts Bitcoin and Ether from being regulated like stocks or bonds, XRP developer Ripple Labs Inc. said.
In a court filing Thursday, Ripple pushed back against the SEC, which had sued Ripple, its co-founder Christian Larsen and Chief Executive Officer Bradley Garlinghouse in December, claiming they deceived investors in XRP by selling more than $1 billion of the virtual tokens without registering with the agency.