MoneyGram (MGI) $7.27
In February 2021, MoneyGram dropped from above $11.50 to nearly $6 on news that Ripple Labs (XRP) was being sued by the SEC. MGI had been using Ripple Labs (XRP) crypto currency exchange to transfer money overseas. MoneyGram announced they would not use Ripple to facilitate the transfer of funds globally. This was due to the SEC lawsuit. Ripple has now settled with the SEC. Continue reading