Ripple maneuvers through class action lawsuits

Quick Take

  • In the latest maneuver, which will have experienced litigators scrunching their brows, Ripple removed one of the class actions a second time
  • It’s possible Ripple’s lawyers are slowing the case down
  • The decision on whether XRP is a security will be made at a later date while the Court figures out which courthouse people should be reporting to

The Block is delighted to bring you expert cryptocurrency legal analysis courtesy of Stephen Palley (@stephendpalley) and Nelson M. Rosario (@nelsonmrosario). They summarize three cryptocurrency-related cases on a weekly basis and have given The Block permission to republish their commentary and analysis in full. Their analysis, Crypto Caselaw Minute will be split into three posts this week. As always, Rosario summaries are “NMR” and Palley summaries are “SDP”.

Disclaimer: These summaries are provided for educatio