Ripple Executives Reacted To Rep. Sherman’s comments And SEC Requests The Removal Of Amici Status On XRP Holders
The issue between SEC and Ripple started in December 2020. It is all because of the initiation of an unregistered securities offering in the united states.
Since then Ripple has never conceded to SEC, it has been taking its stand over the comment of the SEC, tagging the Ripple native token, XRP "a security". Despite the recalcitrance mindset of Ripple, US-based exchanges still discontinue their support for the Ripple token.
Read Also: SHIB Burn Rate Spikes Over 785% As Over 573 Million SHIB Tokens Were Destroyed.
A few hours, the Ripple executives reacted to the comments made on Tuesday by Brad Sherman, D-California, where he said the SEC should still go after the crypto exchanges transacting the Ripple token, XRP.
Sherman, who is the Chair of a Congressional subcommittee focu...