<ul><li>The United States Securities and Exchange Commission (SEC) has labeled Ripple's stablecoin project as an 'unregistered crypto asset'.</li><li>The SEC argues that Ripple's proposed stablecoin proves the firm's potential to conduct unregulated activities without a permanent injunction.</li><li>Ripple unveiled its stablecoin plans in April and it is expected to be launched later this year.</li><li>The question of whether XRP is a security is still unresolved, with the court case between Ripple and the SEC ongoing.</li></ul>

Ripple’s XRP Risks Another Blow As SEC Labels Its Stablecoin Project As An ‘Unregistered Crypto Asset’

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