Amid the fall in the price of Ripple Coin, the SEC lawsuit results in a hot outlook.
As of 2:35 p.m. on the 10th, Ripple is trading at 444 won, down 1.11% from the previous trading day.
According to foreign media the previous day, William Hinman, former director of the SEC’s Corporate Finance Bureau, will soon be released.
This led to the prospect of a ruling in the near future.
In December 2020, the SEC sued Ripple founders Brad Garlinghouse and Chris Larson for violating securities laws.
It raised $1.38 billion worth of cash by issuing 14.6 billion riffles to investors without SEC registration.
Meanwhile, Brad Garlinghouse, CEO of Blockchain Overseas Remittance Project Ripple, said that the long legal battle with the SEC is nearing the end.