The price of XRP fell once more on Wednesday (December 23) following the U.S. Securities and Exchange Commission lawsuit claiming the digital currency-connected blockchain company has a stock supply of $ 1.3 billion. of dollars that was not registered, CNBC reported.
The agency is suing Ripple, as well as CEO Brad Garlinghouse and co-founder Chris Larsen, according to the report.
The SEC complaint focuses on the claim that digital currency should be treated as security instead of currency. The price of XRP was around 26.5 cents at around 7:30 p.m. EST on Wednesday, down around 39% on a 24-hour basis, according to CoinDesk.
“In light of the US Securities & Exchange Commission enforcement action against Ripple Labs and 2 of its executives, we have suspended all #XRP payment and trading services on the OSL platform, effective immediately and until ‘See you again,’ said Digital Asset Platform OSL in a Wednesday Twitter message.
Separately, Axie Infinity unveiled the deployment of Ronin’s public testnet, which is an Ethereum sidechain specifically designed for digital gaming, according to a post. The move comes after a successful private testnet milestone and means its full Ronin Mainnet deployment is getting closer and closer.
“Ronin will make Axie’s game faster, smoother and more fun“, According to the post.
Meanwhile, Cere Network said on Wednesday it had raised an additional $ 1.5 million to deploy Polkadot’s first decentralized data cloud infrastructure, Decrypt reported. Monday Capital, Kinetic Capital and QCP Capital are among the investors in this increase.
On another note, the SEC issued a statement and request for contribution on the custody of digital asset securities by brokers to “encourage innovation around the enforcement of Rule 15c3-3 of the Securities Exchange Act. to digital asset securities ”. The agency’s statement and request for contribution are available on its website. It “will come into effect 60 days after its publication in the Federal Register,” the statement said.
And, Binance has welcomed new fan tokens to Binance Launchpool with the company’s “strategic partnership” unveiled last week with Chiliz, according to a post. Fan Token OG (OG), Atlético de Madrid Football (ATM) and AS Roma Football Club (ASR) are among the new Socios.com Fan Tokens for Agriculture on Binance Launchpool.