(The opinions expressed here are those of the author, a columnist for Reuters.)
In a major development in private crypto litigation, a California judge last week certified a class of U.S. purchasers of XRP digital assets in a case accusing XRP’s issuer, blockchain company Ripple Labs, of selling unregistered securities.
in Manhattan federal court against Ripple. The SEC, like the class action plaintiffs, contends the blockchain company breached federal securities laws by selling XRP as an unregistered security. Such a fundamentally conflicted class, defense lawyers argued, cannot be certified because the class representative cannot adequately represent the interests of XRP purchasers who dispute the entire premise of the case.
If XRP purchasers don’t want to be part of the class, they can simply opt out, Hamilton said, declining to speculate about any potential harm to class members if XRP is deemed a security.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Pro-Ripple Attorney Calls out Coinbase's Double Standards on XRPPro-Ripple lawyer exposes Coinbase's hypocrisy regarding XRP xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple ripplesec $xrp
Baca lebih lajut »
Here's How Much Institutional Money Flowed in Ripple (XRP) in June: ReportIn June, Bitcoin dominated digital asset investment product inflows with $123 million! Wondering how the others compare? Check here -
Baca lebih lajut »
Lead Ripple Dev Explains XRP Burn Spike as 247,000 Tokens GoneExplosive XRP burn unleashed: Lead Ripple dev reveals reasons behind it xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple ripplesec xrpburn $xrp
Baca lebih lajut »
XRP Holders Win Right to Sue Ripple, Legal Experts Unveil ImplicationsDoes Ripple face a legal storm? Experts decode latest court decision regarding XRP xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple ripplesec xrpburn $xrp
Baca lebih lajut »
Ripple Victory Could Nullify Class Action, Says XRP LawyerIn the midst of ongoing legal battles for Ripple Labs, a victory in the SEC case could potentially invalidate the current class-action lawsuit, according to John E. Deaton
Baca lebih lajut »
Keep Eye on XRP and ADA, Santiment SaysMarket analytics firm Santiment has spotlighted a few altcoins that might be sneaking under investors' radar
Baca lebih lajut »