The ongoing lawsuit against Ripple are not over just yet. If it is left up to the company, however, it will be dismissed rather shortly.
Several people still argue how XRP is a security and should be traded as such.
If that were to be the case, the consequences for Ripple will be quite severe, in many different regards.
While these lawsuits are still pending, it seems Ripple grows tired of these events.
A new filing disclosed this week indicates what Ripple aims to prove.
According to the company, the main lawsuit was brought forward too late.
Three years have passed since the XRP “token sale”, meaning any “arguments” brought forward in the lawsuit are simply past their date.
As a result, Ripple sees only one possible outcome: a complete dismissal of the case.
Secondly, there has never been any evidence indicating Ripple’s token distribution can be labeled as an initial coin offering.
Nor did the plaintiff buy any XRP from Ripple itself or through an initial offering of any kind, despite claiming otherwise.
It is now up to the court to take these comments into consideration and act accordingly.
It is difficult to determine how this situation will evolve in the days and weeks to come.
The team behind Starknet has introduced a new token standard aimed at solving one of…
In a move that highlights the growing race to build infrastructure for autonomous artificial intelligence,…
Prediction market platform Polymarket has entered a new partnership with Palantir Technologies and artificial intelligence…
The Ethereum Foundation has begun staking part of its treasury, marking a significant step in…
Fresh reports circulating in the crypto space suggest that Wei Jiequan, better known as Wilson…
The infrastructure powering autonomous AI agents on Ethereum is slowly coming together. Payments, trust layers,…