SEC removes Ripple's bad actor designation, XRP issuer free to raise money from private markets

Description

The US Securities and Exchange Commission (SEC) has waived the “bad actor” designation for Ripple to allow the firm to raise private capital. The move comes a day after the SEC and Ripple finally settled their 5-year lawsuit. According to a release from the regulator on August 8, it decided in light of recent facts and circumstances. These include the fact that the SEC wanted the lawsuit resolved so that the final judgment injunction against Ripple would have been dissolved, automatically removi...