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Benzinga
Benzinga
Business
Murtuza Merchant

DARK SECRETS: What s going on with ripple labs xrp here s what you need to know - The Real Truth

For blockchain innovator Ripple Labs (CRYPTO: XRP), the past two years have been fraught with uncertainties on account of the Securities and Exchange Commission (SEC) action in December 2020 regarding $1.3 billion of capital raised by the company’s co-founder Chris Larsen and current CEO Brad Garlinghouse.

Despite the company’s relentless drive to innovate enterprise-grade solutions for businesses that are faster and more cost effective than traditional financial services, its native token continued to trade significantly lower than its all-time high of $3.03 reached in 2017.

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