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Benzinga
Benzinga
Business
Murtuza Merchant

What's Going On With Ripple Labs (XRP)? Here's What You Need To Know

Ripple Labs Ripple SEC XRP Crypto Coinbase Brad Garlinghouse Chris Larsen blockchain Cryptocurrency

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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