Cryptocurrencies
Ripple Can’t Escape XRP Lawsuit It Says Could Topple Market
- Federal judge lets case proceed with claims mostly intact
- Investors accused company of selling unregistered securities
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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 market for XRP, the world’s third-largest virtual currency.
A federal judge in Oakland, California, on Wednesday somewhat narrowed the claims against Ripple but left largely intact a complaint by investors accusing the company of selling unregistered securities.