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[aryan4]

Ripple Labs, which launched XRP, faced another class action lawsuit filed on behalf of Florida-based buyer Tyler Toomey.
The company has been accused of violating the Florida Securities and Investor Protection Act by offering XRP to retail investors without any restrictions.
What do you think about this critical development?

 

[achawaskey]

It is still accused not convicted, I think ripple will defend themselves, if found guilty they face the law and if not found guilty business will continue.

 

[aryan4]

It is still accused not convicted, I think ripple will defend themselves, if found guilty they face the law and if not found guilty business will continue.

The case may not be over immediately, but in the first hearing, I think the markets may get a positive or negative signal. The trial day is February 22nd, and there is little time left.

 

[Brain]

I'm just on the bench on this,no panicking until the proven guilty. So let keep fingers crossed till later next month and see how all goes

 

[Niftyicon]

Well, the trial date is almost here, so, we just need to wait it out and see what the hearing will bring. Hopefully, the market would fare better by then.

 

[aryan4]

Well, the trial date is almost here, so, we just need to wait it out and see what the hearing will bring. Hopefully, the market would fare better by then.

I guess like this is the best thing to do. There are some pretty critical developments for XRP, and we'll likely see first impressions of it at the first hearing.

 

[Sudipta]

That's not much good going for XRP. Let's wait for the results of lawsuit now. The trial date is much closer now. So we can only wait now.

 

[aryan4]

That's not much good going for XRP. Let's wait for the results of lawsuit now. The trial date is much closer now. So we can only wait now.

While there is a current lawsuit, now a lawsuit is more of a really boring situation... I hope they survive these cases without much damage.

 

[Sudipta]

While there is a current lawsuit, now a lawsuit is more of a really boring situation... I hope they survive these cases without much damage.

Yeah that's what everyone is waiting for. I hope ripple wins the lawsuit very soon as the lawsuit is causing the price to fall more. I saw few hours ago, the price was around 0.26.

 

[aryan4]

Yeah that's what everyone is waiting for. I hope ripple wins the lawsuit very soon as the lawsuit is causing the price to fall more. I saw few hours ago, the price was around 0.26.

It looks like it will be quite active until the litigation process....However, after the first hearing, I think we can see much more active transactions.

 

[ELSA-ELI]

At this moment when there is still a law suit against ripple its REALLY not good for publicity for them .They have to try to maintain a low key band concentrate on building up all the pieces.....

 

[Sudipta]

It looks like it will be quite active until the litigation process....However, after the first hearing, I think we can see much more active transactions.

Yeah absolutely, most of the investors and traders are waiting for the first hearing. Everyone has their eye on ripple. Everyone is waiting for ripple to skyrocket.