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  • XRP tops the chart as best performing coin Today
  • XRP security claims: Ripple once again dismisses Securities suit
  • Crypto BitLord shifts Security allegation away from XRP to TRON

XRP has gained the top spot has the best performing top 10 coin today. This coincided with Ripple’s recent court filing and declarations that, even if XRP were security, the plaintiffs still brought the case against the company too late.  The current XRP price analysis shows that XRP is one of the only four green coins among the top 10 coins by market capitalization in the 24 hours, while no coins have gained momentum in the past week. The price increased by 2.19% in a day, although it also declined with 2.49% in a week, and it currently stands at $0.22. Its highest price in the past week was $0.23.

In the recent filing released by Ripple on December 4, it states that: “XRP is not a security, but that is irrelevant for purposes of this motion. Even if XRP were security, the Plaintiff’s claims still fail as a matter of law.”

This is one of the numerous responses the complaints have given to the lawsuit filed against them for illegally selling unregistered securities. Back in 2018, Investors sued Ripple and its executives arguing that they were lured by the company to buy XRP, which resulted in them losing money.

XRP (XRP) Price Today – XRP / USD

Stating further that the company violated U.S. securities laws by selling XRP, and that XRP should be termed security. Following this lawsuit, Bradley Sostack was appointed the lead plaintiff by a federal 

Court. 

XRP security claims: Ripple once again dismisses Securities suit

This filing simply restarts what was reported in September. Ripple stands on their claims that XRP is not a security and is requesting for the federal court to dismiss the case.

Although their main target is on the counterclaims that states: “all XRP was created in 2013 and are entirely fungible, by 2015, more than 30 billion XRP were already in circulation. The investors bought XRP as a part of the general public on an exchange from an unknown third party, not directly from Ripple, when Ripple’s sales accounted for 0.095% of all exchange-based XRP sales. Plaintiff filed the instant complaint in 2019; therefore the complaint was filed too late (Ripple here uses a law protecting companies from lawsuits concerning the sale of unregistered securities after three years from the initial sale)”.

Crypto BitLord shifts Security allegation away from XRP to TRON

Still, on the security issue, prominent crypto analyst Crypto BitLord on Twitter who began the Change.org petition calling for Ripple to stop dumping has now changed his target on Tron. He stated on his Twitter page that: “Did you know that binance control 56% of $TRX voting power and the foundation owns another 34 Billion to dump? We’ve been focusing on $XRP too much. How did we miss this?”

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

(Excerpt) Read more Here | 2019-12-07 09:41:50

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