The lawsuit has been filed by a Tyler Toomey, who purchased 135 XRP in November 2020, before selling at a 50% loss in December.
The court approved the bid from investor Tetragon to prevent Ripple from buying any more XRP, or redeeming other investor stock, until Tetragon’s stake had been redeemed.
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 co-founder Jed McCaleb took a 25-day hiatus from his weekly XRP sales–many believe he made this decision due to Ripples lawsuit with the SEC.
Ripple's CEO Brad Garlinghouse has answered what he calls " five (5) key questions" about the Ripple vs. the SEC lawsuit.
Expect a rocky road ahead in 2021 for tokens as regulators are just getting started to enforce the law.
Tetragon Capital–the lead investor in Ripple Labs Inc. $200 million Series C investment round–has pressed charges against Ripple Labs inc.
In his latest blog post, “About Coinbase,” Dr. Craig Wright alludes to the trouble on the horizon for Coinbase.
A Coinbase user has initiated a class action suit against the cryptocurrency exchange, seeking recovery for customers who paid commissions for XRP trading.
The court has set Ripple's pre-trial date for February 22nd at 10am. The pre-trial will take place via video due to coronavirus.
Citing the U.S. securities regulator's impending lawsuit against Ripple (the company), both Coinbase and OKCoin announced they will suspend XRP trading on January 19 and 4, 2021, respectively.