What are the allegations made against Ripple in the ongoing lawsuit?

3 answers

• Gi Beom GwonOct 01, 2022 · 3 years ago
  In the ongoing lawsuit, Ripple is facing allegations of conducting an unregistered securities offering through the sale of XRP tokens. The plaintiffs claim that Ripple violated securities laws by selling XRP as an investment contract, which should have been registered with the Securities and Exchange Commission (SEC). If these allegations are proven true, Ripple may be subject to penalties and required to compensate investors.
  430

  215
• Marek UmińskiMay 27, 2024 · a year ago
  The ongoing lawsuit against Ripple alleges that the company engaged in illegal securities offerings by selling XRP tokens. The plaintiffs argue that Ripple marketed XRP as an investment opportunity, making it subject to securities regulations. If the court finds Ripple guilty of these allegations, it could have significant implications for the company and the broader cryptocurrency industry.
  394

  132
• Anastasija ČuhunovsNov 13, 2021 · 4 years ago
  According to the ongoing lawsuit, Ripple is accused of violating securities laws by conducting an unregistered securities offering through the sale of XRP tokens. The plaintiffs argue that Ripple's sale of XRP constituted an investment contract, which falls under the definition of a security. If the court determines that Ripple's actions were indeed in violation of securities regulations, it could have a significant impact on the future of the company and the regulatory landscape for cryptocurrencies.
  506

  127