Additional Ripple Lawsuit Asserts that XRP is a Security

2018-7-5 22:55

Distributed ledger startup Ripple is facing another class-action lawsuit tied to the legal classification of the XRP cryptocurrency.
Filed by California resident David Oconer, the complaint names Ripple Labs, XRP II (Ripple’s licensed money services business), Ripple CEO Brad Garlinghouse and 25 unnamed persons affiliated with the firms as defendants.
The suit claims:

“Here, the XRP offered and sold by the defendants had all the traditional hallmarks of a security, yet defendants failed to register them as such.
Previously, Garlinghouse has publicly stated that “XRP is not a security,” claiming that the XRP ledger is decentralized, independent of Ripple Labs and that purchasing XRP tokens does not give investors ownership of Ripple.
That lawsuit also alleges that XRP is a security.

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Источник: bitcoints.com

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