The United States Securities and Exchange Commission (#SEC) has finally submitted its long-anticipated Form C in the case against Ripple, throwing more light on the aspect of the court’s ruling it wishes to contest.
According to the filing issued on October 17, the commission is not challenging the security status of XRP; rather, it focuses on the token’s programmatic sales on cryptocurrency exchanges.
Also, the SEC targets #Ripple executives Brad Garlinghouse and Chris Larsen for allegedly aiding and abetting these sales. The agency also included Ripple’s distribution of XRP to its employees.
The post "Breaking: SEC Submits Form C in Ripple Case, Targets XRP Programmatic Sales" first appeared on 36crypto.com News.
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