Ripple faces Lawsuit

Bitcoin Exchange Ripple Market News

Attorney James Taylor-Copeland sued Ripple representing Ryan Coffey in the San Francisco County Superior Court alleging the violation of the state and federal laws by distributing unregistered securities. The suit seeks damages “on behalf of all investors who purchased Ripple tokens issued and sold.” Debating if XRP as a security or not, the Ripple official stated that it should not be classified as a security.

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