Ripple Labs Inc said in court papers Friday that a recent U.S. Supreme Court decision supports one of its key defenses in the U.S. Securities and Exchange Commission's case over the cryptocurrency XRP.
Ripple asked U.S. District Judge Analisa Torres to consider the decision when she rules in the SEC's case accusing the company and its current and former chief executives of conducting a $1.3 billion unregistered securities offering by selling XRP, which Ripple's founders created in 2012.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: