Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
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.Ā
Several people still argue how XRP is a security and should be traded as such.
Ripple Wants to end the Lawsuit
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 ātoken saleā, meaning any āargumentsā 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 Rippleās 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.
Image(s): Shutterstock.com
The post Ripple Seeks the Full Dismissal of the Ongoing XRP Lawsuit appeared first on The Merkle Hash.
Publication date
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.