Historical retrospective · Policy
The SEC’s Ripple complaint began a high-profile XRP case
On December 22, 2020, the SEC filed a complaint alleging that Ripple and two executives conducted an unregistered securities offering involving XRP.
The complaint set out the SEC’s allegations and began years of litigation that drew attention to how different types of token sales may be analyzed.
The case became a major public test of applying securities law to crypto markets.
A complaint records allegations, not final findings; later court rulings and procedural history must be read separately.
Primary source
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