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Illustration: Sarah Grillo/Axios

U.S. securities regulators on Tuesday sued cryptocurrency giant Ripple, and both its CEO and executive chairman, for allegedly selling over $1.3 billion in unregistered securities. Ripple on Monday had publicly disclosed that the lawsuit was to be filed imminently, and said it does not believe its tokens needed to be registered.

Why it matters: XRP, the cryptocurrency created by Ripple in 2012, has the crypto industry's third-largest market cap at around $22 billion, behind only Bitcoin and Ether.

Go deeper: Ripple lawsuit could chill crypto industry investment

Go deeper

Coinbase settles on direct listing to go public

Illustration: Aïda Amer/Axios

Coinbase, the cryptocurrency trading company, said Thursday that its public debut will be a direct listing instead of a traditional IPO.

Why it matters: Coinbase's public listing has been hotly anticipated as a potential tipping point for the cryptocurrency industry to go mainstream. The direct listing route — which allows existing shareholders to sell their stock into the market while the company doesn't raise new funds — has been slowly gaining more traction with Palantir and Asana as the latest to go that direction.

Updated 1 hour ago - World

State Department orders evacuation of U.S. diplomats' families from Ukraine

From left, undersecretary for political affairs Victoria Nuland, Secretary of State Antony Blinken and U.S. chargés d'affaires in Ukraine Kristina Kvien during a meeting with Ukrainian Prime Minister Denys Shmyhal in Kyiv. Photo: Yevhen Liubimov/ Ukrinform/Barcroft Media via Getty Images

The State Department will begin evacuating families and nonessential staff from the U.S. Embassy in Kyiv this week, according to a travel advisory published Sunday evening.

The latest: The United Kingdom's Foreign Office announced Monday it was also withdrawing some embassy staff and dependants from Ukraine's capital "in response to the growing threat from Russia," but added the British Embassy would remain open.

Updated 2 hours ago - World

U.K. PM orders inquiry into Muslim lawmaker's discrimination claim

British Prime Minister Boris Johnson in London, England, last week. Photo: Ian Vogler/Pool/AFP via Getty Images

British Prime Minister Boris Johnson's office announced Monday that he's ordered an inquiry into allegations from a Conservative Member of Parliament that she was fired from a ministerial job due to her Muslim faith.

Driving the news: Nusrat Ghani told the Sunday Times she was informed by a government whip that she was fired from her position as a junior transport minister in February 2020 after her "Muslimness was raised as an issue" and that her faith made colleagues feel "uncomfortable."