Tyler Toomey, a Florida resident, has filed a class-action lawsuit against Ripple for illegally selling XRP in the US state.
Ripple's XRP is recovering after several weeks of a crash. On Thursday, the token managed to grow by almost 6%, despite the sale of Bitcoin.
Japan's regulator, the FSA has shared their comments on the legal status of Ripple's XRP, saying that they do not the token to be a security.
The world’s largest asset manager, Grayscale has announced the liquidation of XRP Trust following the SEC’s lawsuit against Ripple.
UK Treasury has officially equated the Ripple's XRP to cryptocurrencies along with Bitcoin and Ethereum, saying its not a security.
US-based cryptocurrency company, Bakkt has ruled out support Ripple's XRP as part of its further product development, according to the CEO.
Jed McCaleb, the co-founders of the Ripple sold 1.2 billion XRP in 2020 for over $400 million with an average sale price of $0.34 per XRP.
Tetragon is suing Ripple over a lawsuit from the SEC, as the wave of XRP delisting from crypto exchanges continues.
XRP investors have sued the US SEC for harming investors’ interests by declaring XRP a security seven years after its initial distribution.
US crypto exchange Binance.US will delist XRP on the morning of Wednesday, January 13, 2021 according to a recent announcement.