Ripple To Be Sued By SEC For Selling Unlicensed Securities – December 22

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $22,650

Bitcoin price has stabilized in the mid $22,000s following yesterday’s slide, currently hovering near the $22,700 mark.

Top-20 altcoins have posted large losses across the board today, led by XRP with an 18% drop. Ethereum has fallen almost 7%, while Bitcoin Cash drops 14%.

Top Stories for December 22, 2020 πŸ”₯

πŸ‘‰ Ripple To Be Sued By SEC For Selling Unlicensed Securities

A report by Fortune claims that Ripple will be sued by the US Securities and Exchange Commission (SEC) for the alleged sale of unlicensed securities.

The security at hand, of course, is Ripple’s XRP token. Ripple CEO Brad Garlinghouse has taken to Twitter to argue against the move, labeling it as an “attack” on crypto.

πŸ‘‰ MicroStrategy Completes Purchase Of Another 29,646 BTC

Business intelligence company MicroStrategy has completed a new purchase of 29,646 Bitcoins, using funds from its recent convertible note sale.

The company raised $650 million through a sale of senior convertible notes in early December, which can be converted into shares in the company.

πŸ‘‰ Huobi Exchange Wins Nevada Trust License For Re-Entry Into US Market

Cryptocurrency exchange Huobi is set to make a re-entry into the US market, following a recent acquisition of a trust license in Nevada.

Using the license, Huobi should be able to begin offering custody and compliance services in the US by early next year. The exchange plans to eventually offer regulated financial products and services in the area.