Ripple, one of the most important companies in the cryptocurrency industry, said Monday evening that the Securities and Exchange Commission is poised to file a bombshell lawsuit against the company over the alleged sale of unlicensed securities. The lawsuit will also name Ripple CEO Brad Garlinghouse and cofounder Chris Larsen as defendants, according to Garlinghouse, who told Fortune the agency will file the case in the near future. Judith Burns, a spokesperson for the SEC, declined Fortune’s request for comment about the lawsuit or to confirm that there would be one. If the agency does sue Ripple, the action will ... (full story)