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SEC drops case against crypto firm with ties to Trump, CEO says

ABC News
Summary
Nutrition label

68% Informative

SEC drops case against Ripple Labs , CEO Brad Garlinghouse says.

Ripple raised $1.4 billion through the sale of XRP crypto tokens in December 2020 .

The SEC sued Ripple and two executives for violating securities laws.

A federal judge ruled that the publicly sold tokens did not constitute a security, though she still fined Ripple $125 million .

VR Score

75

Informative language

76

Neutral language

74

Article tone

formal

Language

English

Language complexity

43

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

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no sources

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