The blockchain and crypto industry has been eagerly watching the lawsuits against Ripple, claiming the company and its executives sold unregistered securities (XRP) and committed fraud. In a recent development, Ripple and its executives have been cleared of any fraud allegations, excluding a statement made by Ripple’s CEO, Brad Garlinghouse, regarding his XRP holdings.
On June 8th, Ripple filed a motion to dismiss three of the seven claims. Specifically, Ripple moved to dismiss claims four, six, and seven, in connection to the fraud allegations
Ripple meets with the President and representatives of the Central Bank of Brazil to address institutional matters.
Maerki Baumann & Co. AG becomes the third Swiss bank in a month to offer XRP trading and custody.