Amended Lawsuit Against Ripple Now Offers Theory That XRP May Not Be a Security
While the lawsuit against Ripple Labs still alleges the firm broke securities laws, the plaintiffs now seem to be hedging their bets.
The judge threw out some of the claims in the lawsuit but the case can continue based on others relating to allegedly misleading statements by CEO Brad Garlinghouse.
Ripple has hit back at the lead plaintiff in an ongoing class-action lawsuit that accuses the firm and its CEO of securities fraud.
It would be "advantageous for Ripple to operate in the U.K.,” said Ripple CEO Brad Garlinghouse.
Ripple's court filing says CEO Brad Garlinghouse could still be "long" on XRP and sell a claimed 67 million tokens on the open market.
Ripple Labs and CEO Brad Garlinghouse are suing YouTube over allegations that the video streaming giant has failed to police its platform against fake XRP giveaway scams, resulting in monetary damage to users and reputational harm to Ripple.