Ripple, the developer of one of the largest altcoins, XRP, is approaching the third anniversary of its lawsuit with the SEC.
XRP, which was the subject of a lawsuit by the US Securities and Exchange Commission (SEC) in December 2020, is preparing to complete the third year of the case.
According to CryptoRank data, XRP has been on the market since its launch in December. average return of 82.7% provided. However, this situation has begun to change in recent years.
According to historical data, XRP, No December months have been in positive territory since 2018 can’t turn it off. XRP, which recorded a 2.25% decrease in December 2018, lost value by 16.8%, 66.5%, 17% and 16.9% in the following months, respectively.
The SEC sued Ripple and the company’s CEO, Brad Garlinghouse, and its founder, Chris Larsen, on the grounds that they issued securities unregistered. The regulator withdrew its charges against Garlinghouse and Larsen in October 2023.
The $1.3 billion lawsuit between the SEC and Ripple continues.
