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U.S. SEC prices blockchain funds agency Ripple with conducting unregistered securities providing By Reuters

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By Katanga Johnson

WASHINGTON (Reuters) – The U.S. Securities and Trade Fee (SEC) on Tuesday stated it filed an motion in opposition to , the blockchain funds firm related to the cryptocurrency XRP, charging it with conducting a $1.3 billion unregistered securities providing.

The SEC stated it additionally named two executives of San Francisco-based Ripple within the motion. Ripple created and offered XRP, the third-biggest cryptocurrency by market worth.

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