In a Congressional Subcommittee hearing on June 19th, the chair asked the SEC to pursue legal actions against crypto exchanges for dealing with XRP.
This comes after the SEC continuously pursued the Ripple network for offering illegal securities.
SEC vs. Ripple OngoingThere is an ongoing case between the SEC and Ripple that began sometime in 2020.
But, the ripple network has maintained that its XRP token is merely a utility token used in payments and not simply a speculative asset.
SEC Fighting Crypto ProjectsRipple is not the only crypto network to face a spat against the SEC.
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