US SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’
The latest court documents filed by the US SEC against Ripple seem to be targeting the company's proposed stablecoin. In a remedial response filed on May 7th, the regulatory agency described the proposed stablecoin as an "unregistered crypto asset" and further demonstrated that without a permanent injunction against the company, it will continue to engage in unregulated activities. Ripple revealed plans to issue a stablecoin in April, but has since not provided further details on the token.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Expert Says Memecoins Are Ready for a Major Comeback
U.S. Bitcoin ETFs See $494 Million Surge in Six-Day Inflow Streak
Bullish Pattern Drives PEPE’s Potential as Asset Sees 45% Price Surge to $0.000017