A federal judge in the United States has granted a motion by XRP holders to intervene in a lawsuit against Ripple Labs by the U.S. Securities and Exchange Commission.
The decision follows a filing by the U.S. securities regulator against parent company Ripple Labs Inc. for failing to register with the SEC.
Ripple Labs said it has reached an agreement with R3 consortium to settle “all outstanding litigation,” the terms of which have not been disclosed.
David Schwartz, chief technology officer at Ripple Labs, has published a paper claiming XRP cryptocurrency is actually more decentralized than Ethereum and BTC, in the latest attempt to persuade the skeptics.
A district court in the United States has junked a motion seeking to remand against Ripple Labs and its subsidiary XRP II.
Ripple Labs has been served with yet another lawsuit seeking to have its cryptocurrency, XRP, classified as a security.