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Ripple Trying to Dismiss Lawsuit By Next Year



Ripple is once again making controversial headlines as it is trying to terminate a lawsuit in which it is accused of selling unregistered securities.

According to court documents uploaded by Fortune on September 19, Ripple Labs’ lawyers enumerated twelve reasons why they deemed the accusation brought to them to be false.

This is the latest development in the legal dispute between Ripple and investor Bradley Sostack, who in 2013 purchased XRP, the native digital asset of the Ripple network.

Sostack claims that before XRP was available for sale, Ripple did not check with US authorities to see if their ...

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