In the link below, please find a summary of the Department of Justice’s investigation into Ripple Labs on steps required for them to be in compliance with the regulatory framework of a money services business (MSB) via Ripple Labs selling of the “virtual currency”, XRP:

https://www.justice.gov/opa/pr/ripple-labs-inc-resolves-criminal-investigation

File Date: 5/5/2015

Author: Department of Justice | Office of Public Affairs