Ripple Must Face Lawsuit Alleging Illegal XRP Sales

Ripple Can’t Escape XRP Suit It Calls a $500 Billion Threat (1)

Ripple Labs Inc. failed to persuade a judge to throw out a proposed class-action lawsuit that the blockchain payment services provider said could topple the half-trillion-dollar global market for the XRP virtual currency. A federal judge in Oakland, California, on Wednesday somewhat narrowed the claims against Ripple but left mostly intact a complaint by investors accusing the company of selling unregistered securities.