Investors ask court to declare that XRP is not a security

Lawsuit of SEC against Ripple
Lawsuit of SEC against Ripple
Source: Reuters
  • Investors request amendment in SEC case against Ripple.
  • They say that US exchanges are set to suspend XRP trading, which is going to hurt them economically.

A group of investors in the cryptocurrency XRP filed a petition in the Rhode Island District Court, requesting a mandamus order or injunction against the acting president of the United States Securities and Exchange Commission (SEC), Eliad Roisman, to modify the lawsuit against Ripple Labs, INC.

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