By Katanga Johnson
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Tuesday said it filed an action against Ripple, the blockchain payments company associated with the cryptocurrency XRP, charging it with conducting a $1.3 billion unregistered securities offering.
The SEC said it also named two executives of San Francisco-based Ripple in the action. Ripple created and sold XRP, the third-biggest cryptocurrency by market value.
(Reporting by Katanga Johnson and Mohammad Zargham; Editing by Leslie Adler)
