How Ripple plans to defend SEC charges over XRP token?

[Malam90]

Less than one month ago, XRP was the No. 3 cryptocurrency by market cap, behind only bitcoin (BTC) and ether (ETH). This week, XRP sank to No. 5 on some crypto exchanges. Its price is down 52% since Dec. 22, when the SEC charged banking software company Ripple Labs with conducting a $1.3 billion unregistered securities offering in 2013 when it began selling XRP. The charges also name two Ripple executives, cofounder and former CEO Christian Larsen and current CEO Brad Garlinghouse, who allegedly sold $600 million worth of personal XRP holdings. Source Link