What’s Next in the Securities Case Against Ripple Over XRP
Ripple has strong defenses against a lawsuit alleging it violated securities laws by selling XRP, but the road ahead is long, legal experts said.
Developers using the platform now have a place to manage and monitor transactions.
Even if XRP were a security, the investors suing Ripple brought their case far too late for it to proceed, the company said in a new filing.
Blockchain-based payments firm Ripple has raised $200 million in a Series-C funding round with Tetragon, SBI Holdings and Route 66 Ventures all investing.
Ripple now owns nearly 10 percent of MoneyGram's outstanding common stock after completing its $50 million equity investment.
Ripple's argument that an XRP holder waited too long to file suit has no precedent, a new legal filing claims.