Ripple Class Action for Security Violation

Investors Sue Ripple for Allegedly Violating Security Laws

Uh oh: the popular cryptocurrency Ripple is scamming people.

At least, that’s the claim at the heart of a class-action lawsuit filed against Ripple Labs, its CEO Brad Garlinghouse, and its subsidiary XRP II.

Taylor-Copeland Law, a firm focused on blockchain and crypto litigation, filed the Ripple lawsuit in California court Thursday on behalf of Ryan Coffee and other Ripple investors. They allege that Ripple made money by breaking state and federal securities laws and purposefully misleading the public.

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