Ripple Makes Last-Ditch Attempt to Dismiss Securities Lawsuit
Ripple has filed a final motion to dismiss a lawsuit alleging that it held an unauthorized securities sale of its XRP tokens, arguing that the plaintiffs failed to meet a legal deadline for filing the suit.
The crypto company has reiterated its stance that XRP tokens are not a security and, therefore, not held to SEC regulations regarding offerings and has labeled the case against it as “self-defeating.” In addition to this argument, Ripple also says that the case was brought to court after the statute of repose, which states that claims must be made within …
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Posted by Caileam Raleigh on December 6, 2019 @ https://cryptocurrencynews.com/ripple-last-attempt-dismiss-securities-lawsuit/?utm_campaign=rss__ccn&utm_source=rss&utm_medium=rss