The US judge denies having committed the lawsuit of the investor XRP against the ripple at the lower court

  The US judge rejects the lawsuit brought by the investor XRP against the ripple at the lower court

Ripple has not lived his best moment lately Based on the people who sued the company, Ripple has violated federal securities laws related to the sale of XRP tokens.

Recently, a US District Judge has decided to Deny the effort to move an investor lawsuit against the company in a lower court . Judge Phyllis Hamilton of the Northern District of California has denied the election. Lawyer Ryan Coffey made a motion to postpone his case against the company after Ripple took the case to the US District Court.

Coffey stated that court cases under the Securities Act could not be removed by the state court, but the judge observed that the precedents Coffey used id did not apply to the situation and to the XRP case and to its national nature.

The Argument For Ripple

Ripple uses the national argument in other cases to shift the position of the evidence. For example, the case sought to remove the lawsuit filed by the investor Avner Greenwald in the Northern District of California instead of the Superior Court of San Mateo using the argument.

He also tried to make a motion to refer to both cases. claiming that if these two cases proceed separately, they may have to pay the crime burden twice, so combining the two cases into one would be the best alternative.

It is clear that Ripple is moving forward to put all these different cases together to reduce losses in the event that it actually has to pay and save on legal fees. The plaintiffs will have to respond to the motions before it is decided whether the company will be able to do it or not.

Other Ripple lawsuits

We have covered some other lawsuits. The company is certainly facing some problems with the intention of labeling its tokens as titles instead of utility tokens, something that could be very negative for the company and, if these individual causes continue, they can certainly be expensive.

However, the Twitter user recently pointed out that Apple suffers more than 20 Ripple lawsuits and that it's still going well, so maybe Ripple is less afraid than it looks. Curious to know how this case will develop? Follow our blog for updates on this case and many others.

A lawyer took on Twitter to offer his opinion on the Ripple Lawsuit and how it affects the crypto in general:

[ad_2]Source link