XRP holders are petitioning the U.S. Securities and Exchange Commission (SEC) head Gary Gensler to terminate the lawsuit against digital payments giant Ripple.
Crypto and Policy founder Thomas Hodge has successfully obtained 30,000 signatures on a petition requesting that the SEC drop its lawsuit against Ripple in which the regulatory agency accuses the firm of selling unauthorized securities in the form of XRP.
Hodge and supporters claim that the SEC, an agency whose goal is to protect investors, has caused undue damage to XRP holders by taking legal action against Ripple, causing XRP to lose billions of dollars in value.
