Former SEC Chair Represents Ripple in Lawsuit for Alleged Sale of Unregistered Securities
Ripple’s spokeswoman said that at the moment the lawsuit was filed, the SEC had not yet decided whether XRP is a security. “We continue to believe XRP should not be classified as a security,” she claimed in response to the complaint, adding:
“We feel confident that the claims regarding XRP are completely unfounded both in law and fact.”
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