Ripple’s XRP sales suppressed coin price, amended court complaint alleges

Ripple’s XRP sales suppressed coin price, amended court complaint alleges

Ripple’s XRP sales suppressed coin price, amended court complaint alleges Ripple’s XRP sales suppressed coin price, amended court complaint alleges

The United States Securities and Exchange Commission has alleged that Ripple Labs executives Bradley Garlinghouse and Christian Larsen manipulated the XRP price by ramping up or slowing down their coin sales depending upon market conditions.

In an amended complaint filed Feb. 18, the plaintiff — the U.S Securities and Exchange Commission —reiterated its stance that Ripple Labs, Christian Larsen and Brad Garlinghouse violated securities laws with the sale of XRP coins starting in 2013:

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