The class action lawsuit previously sought to establish that Ripple had breached U.S. securities laws through the sale and marketing of its XRP token.
A lawsuit brought against Ripple by purchasers of the XRP cryptocurrency is going to move forward after the latest attempt at halting the legal action have failed.
Ripple filed to have the lawsuit alleging that it knowingly sold unregistered securities dismissed, attacking several of the plaintiff’s claims.
From egregious and amateurish errors to global regulatory changes, the Bitcoin ecosystem has seen a lot of activity this week.
Ripple is accused of fresh breaches of securities laws by issuing its cryptocurrency, XRP, monthly to general sale and promising prices would rise.
Ripple, and its XRP cryptocurrency, has been at the center of several contentious debates over the years.
The co-founder and former chief technical officer (CTO) of Ripple (XRP) just received a payout that has left Ripple fans a little woozy.