Federal Court Dismisses Investors’ Claims against Ripple Regarding XRP

2020-7-31 16:41

Coinspeaker
Federal Court Dismisses Investors’ Claims against Ripple Regarding XRP

The Northern California District Court findings released online in the last 24 hours by Law360 state that claims regarding Ripple and the XRP token made by two investors cannot be proven.

The case was concerning the on-going legal dispute which began in May 2018 between Ripple Labs including CEO Brad Garlinghouse and disgruntled investors as to whether the native token XRP is, or is not a security by legal definition. They claim that Ripple should have made a formal application to the U.S. Securities Exchange Commission (SEC) for their cryptocurrency XRP to become a security.

The company has been consistently adamant of the latter because of any direct connection between the company Ripple and their token XRP, maintaining innocent on any legal wrong-doing during the course of this claim.

Court Findings

In the case, the court found that the lead plaintiff failed to provide the necessary evidence in the courtroom to support multiple claims regarding XRP’s non-security status, Brad Garlinghouse’s personal holdings and monetary intentions, XRP’s sale strategy, as well as the company’s software products.

The court file concluded that all of these accusations were “purported misstatements” and that “in short, Plaintiff fails to offer the factual allegations needed to show that Ripple and Mr. Garlinghouse’s statements were false when made”.

Ripple’s Legal Team added that all outstanding fraud claims were “unsupported leaps of logic.” In June 2019, they applied for a court dismissal against the mentioned plaintiffs. The latter responded with opposition to the motion claiming to hold over “a dozen false or misleading statements made by Ripple and its CEO.”

The court hearing has today dismissed all of these statements as false. The impact that will have for the future of Ripple as a company and a legal entity, as well as XRP, is perhaps more propitious than before.

Federal Court Dismisses Investors’ Claims against Ripple Regarding XRP

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Aragon Court (ANJ) íà Currencies.ru

$ 0.1722 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: -1.39 %
Cåãîäíÿ L: $0.1722 - H: $0.1722
Êàïèòàëèçàöèÿ $22.15m Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0265653 (548.21%)

against ripple claims regarding investors court dismisses

Èñòî÷íèê: coinspeaker.com

against ripple → Ðåçóëüòàòîâ: 126


Ôîòî:

Introduction of the new ripple based alternatives in San Francisco

A new Ripple (XRP)-based decentralized crypto marketplace, DCEX, has now opened registration for retail and institutional accounts, according to a press release published July 30. The new San Francisco-based platform runs on technology developed by blockchain firm AlphaPoint, and will initially offer 15 crypto-crypto trading pairs, all against Ripple as a base currency. These include

2018-7-31 18:45


Ôîòî:

Ripple and Raising Malawi Launch Campaign to Sponsor Children in Need

In emerging markets, it’s the people — many times children — who have the cards stacked against them, whether it’s being left behind by the current financial, education or healthcare systems. That’s why, today, we’re excited to kickstart a month-long campaign in partnership with non-profit Raising Malawi to raise funds for orphans and vulnerable children … Continued The post Ripple and Raising Malawi Launch Campaign to Sponsor Children in Need appeared first on Ripple.

2018-7-31 17:04


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Àíàëîã Notcoin - Blum - Èãðàé è çàðàáàòûâàé Ìîíåòû



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Top 3 cryptocurrencies to buy for 5x gains by January 2025

As 2024 comes to an end, crypto investors are realigning their investments targeting top cryptocurrencies to buy for significant gains by January 2025. The urge stems from the renewed optimism around cryptocurrencies with the incoming pro-crypto Donald Trump administration.

Crypto wrap: BTC, ETH, XRP bounce as Horizen (ZEN) spikes 60%

The crypto market witnessed the sharpest declines in months as Bitcoin crashed to lows of $92k on December 20, 2024. However, the flagship cryptocurrency was back at $97k at the time of writing. Meanwhile, Horizen price led top gainers as Ethereum and XRP flipped positive after crashing to key support levels. Per market data from […]

Bithumb faces temporary XRP withdrawal delays as volume increases

Crypto market freefall causes Ripple withdrawal delays on Bithumb. One of the major cryptocurrency exchanges in South Korea, Bithumb, has formally announced that withdrawals of XRP are taking longer than planned because of an unexpected spike in transaction volume. In…

SEC To Approve XRP And Solana Joint ETF? Analyst Says Yes

Analysts from Bloomberg have a positive outlook that a score of cryptocurrency-based exchange-traded funds or ETF would get approval from the US Securities and Exchange Commission (SEC) in 2025. Related Reading: Bitcoin Soars Past $106,000 For A New ATH — What’s Driving The Frenzy? Crypto investors might have a lot of options next year when […]