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Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Cryptocurrency

Ripple Labs and its wholly owned subsidiary XRP II created all 100 billion of its unregistered XRP cryptocurrency “out of thin air,” in violation of securities laws, a class claims in San Mateo County Court.

REDWOOD CITY, Calif. (CN) — Ripple Labs and its wholly owned subsidiary XRP II created all 100 billion of its unregistered XRP cryptocurrency “out of thin air,” in violation of securities laws, a class claims in San Mateo County Court.

Categories / Consumers, Technology

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