Confusion with XRP - what is it all about?

Hi. Recently, the price of XRP has soared ... unfortunately deep south. While browsing the internet, I came across information that the SEC had filed a lawsuit against Ripple and its founders. What is it actually about? Why was there such a storm on the web and the price reacted with such a big drop? Thanks for the hints

Hi. Recently, the price of XRP has soared ... unfortunately deep south. While browsing the internet, I came across information that the SEC had filed a lawsuit against Ripple and its founders. What is it actually about? Why was there such a storm on the web and the price reacted with such a big drop? Thanks for the hints

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