Ripple Law Suit | NYSE Crypto Market
Ripple is under fire, being slapped with a class action suit. The plaintiff claims ripple is an infinite ICO and that it uses misleading promotions.
People need to take responsibility for their investments.
The NYSE is talking about developing a cryptocurrency exchange of their own, not simply a bitcoin futures market. This could open the doors to a mountain of fiat investment. Capital injected from an exchange like theirs could take the market into the multi trillions.
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People need to take responsibility for their investments.
People really should, they should first go through each and everything before investing in anything.
Capital injected from an exchange like theirs could take the market into the multi trillions.
I hope this comes true.
Yeah that is so true...
I was about to make a mistake....
Guess CK saved me...
I have prior knowledge but I have never paid close attention to Ripple.
Ripple is a real shame and it is the 3rd coin on the market cap
As I have read, it is seemingly like a security. The way it commenced; The coin is already available and mined and is just been given out as rewards for bringing new users. This closely looks like MLM marketing that works on the referral system.
Oh thanks for this mews i was almost at the verge of i.vesting my money in Ripple...thanks for the news CONNORKENNY ....
surely gonna invest mlre in HODL...
Oh, so it's like that! Thanks for the news, man.
Well... mountain of the fiat investment sounds great, is it!? :)
I won in the steem giveaway! No way, thanks man! I didn't expect that at all!!))
Yeah, I also observed that. Thanks for the detailed video. :)
Law firm Taylor-Copeland law has filed a class action suit against Ripple Labs for the sale of unregistered securities, according to the official complaint filed yesterday, May 3. The lawsuit targets Ripple, its subsidiary XRP II, and Ripple CEO Brad Garlinghouse, alleging that Ripple’s sale of XRP tokens is a violation of U.S. securities laws.
According to the complaint, the plaintiff, an individual named Ryan Coffey, purchased 650 XRP on Jan. 5 and sold it on Jan. 18 of this year for USDT, which he then exchanged for USD, sustaining a loss of around 32 percent, or $551.89.
One of the points in the body of the lawsuit is that the plaintiff did not expect to lose money on his investment due to the promotional practices of Ripple Labs, i.e. retweeting favorable article about XRP and attendendance by Garlinghouse at crypto conferences:
So basicly a thick dickhead sold out his investment when the market was in a dip and is now trying to blame everyone but himself for loosing money. Like stock market investments never go wrong? Pathetic really! Would be nice if the plaintiff got sentenced for wasting the courts time!
informative
keep it up
highly appreciated
Nice just uploaded a video about this NYSE news aswell! Super Big news people are understimating it!.