Another Ripple Lawsuit Claims XRP Is A Security
A third investor in three months is suing Ripple on grounds that the XRP cryptocurrency is a security issued by the firms.
Ripple's argument that an XRP holder waited too long to file suit has no precedent, a new legal filing claims.
CEO Brad Garlinghouse said Ripple is "in a very strong position... and I intend to press our advantage" through new investments.
The Ripple CEO said at Davos an initial public offering is seen as the “natural evolution for the company,” perhaps even this year.
The price of XRP and Litecoin, two of the world's largest cryptocurrencies, fell to new 2018 lows on Wednesday.
Ripple's sales of the XRP cryptocurrency fell 56 percent to $73.53 million in Q2, but the firm gained more customers, its latest report says.