Ripple filed a motion to dismiss the XRP sale under the guise of securities

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    Ripple lawsuit

    Ripple filed a motion to reject the lawsuit, which claims that the company was selling XRP tokens under the guise of unregistered securities .

    According to Ripple representatives, XRPs are not security tokens, but even if they were, the accusations still make no sense. The company held an ICO in 2013-2015, and the lawsuit was filed only in 2018. The law on early termination allows the filing of a claim only within three years from the date of the unregistered ICO.

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