The blockchain specialist, Ripple, will not escape the lawsuit launched last year by a group of people who invested in its cryptocurrency XRP.
While Ripple declared this fall that the complaint of the XRP investors was inadmissible, citing a law that protects companies from lawsuits related to the sale of securities after 3 years, a federal judge in California has "somewhat" restricted claims against the American firm, while letting the business go on, report Bloomberg.
The group of investors accuses the giant of blockchain to have issued his digital coin XRP as unregistered titles.
The Oakland court judge did not consider the argument of Ripple that the trial was not timely because the class action had been filed more than 5 years after the XRP entered into circulation.
The decision comes as US regulators, notably the CFTC, remain today always hesitant on the future classification of XRP.
In 2018, they finally concluded that Bitcoin and Ethereum could not be considered as security.
The boss of Ripple, Brad Garlinghouse, recently suggested that his company could make a IPO over the next 12 months.
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