Ripple has recently moved to court making strong counter-allegations on one of the plaintiffs claiming XRP is a security. The company has filed a motion to dismiss the plaintiff’s claims.
According to the investigation lawyer from global law firm Kober & Kim, Jake Chervinsky, it will take more than a year to understand whether Ripple’s XRP is a security or not. Here’s why.
Truly great news come from Coinbase, which, to the joy of large XRP community, decided to add XRP to its professional trading platform, Coinbase Pro.
Maybe XRP cannot be classified as a security anymore. Max Rich, deputy counsel at the crowdfunding platform Republic says the SEC will use the DAO debacle that happened in the summer of 2016, as the cut-off point.
After engaging in almost one-year of legal battle, the two companies decided to end it in an undisclosed agreement.
Commenting doubts regarding the status of its XRP cryptocurrency, startup Ripple insists on not classifying its token as a security.