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.
Velocity Ticket is trying to fix a major gap in businesses, and the approach it…
Axelar is moving fast to contain damage after identifying a security incident that has resulted…
suiUSDe now has a dedicated landing page. The token, officially the eSui Dollar, comes out…
Ventuals has fully wound down its HIP-3 DEX, and vHYPE withdrawals are now open. The…
Avalanche has launched the Avalanche Payments Collective, bringing together 28 organizations spanning nearly every layer…
A wallet tracked as 0x5f91 just opened a fresh 5x leveraged long on ASTER, putting…