It appears the United States Securities and Exchange Commission (SEC) is all out to draw blood from Ripple and its founders. In December, the Commission sued Ripple Inc. along with two of its executives for selling unlicensed securities. As reported by BTC PEERS, both parties confirmed on Monday that there was no prospect for a pretrial settlement.
That being said, the SEC has filed an amended lawsuit against Ripple, ex-CEO Chris Larsen, and CEO Brad Garlinghouse.
The amended complaint provides more factual information on how Ripple’s execs played a “significant role” in selling unregistered tokens. The SEC claims that the execs adjusted sales figures to manipulate the XRP’s performance. They said:
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Source: Cryptocurrency - investing.com
