Log in

Home
aura-logo
Our Top Pick
Research
Analysis
Community
  1. Cryptonary
  2. Archived Posts
  3. XRP security lawsuit moving forward
News

XRP security lawsuit moving forward

Updated: Sep 2, 2024
Published: Feb 27, 2020
0
Share:

The lawsuit between investor Vladi Zakinov and Ripple Labs is still ongoing. The main issue at hand is the plaintiffs accusing Ripple of not having registered XRP as a security before the token sale. The plaintiff had purchased 129,000XRP in January 2018 and incurred a $189,600 loss a short while later by converting to other cryptocurrencies.

Post Feature Image

Last month, the defendant Ripple, filed a motion to dismiss the case based on technicalities as they consider the matter of XRP not being a security as handled as even the U.S. Departments of Justice and Treasury had recognized XRP as a “convertible virtual currency” in 2015. Additionally, the UK’s financial watchdog, the FCA had also deemed XRP to not be a security.

On February 26th, Judge Phyllis Hamilton of the Court of the Northern District of California granted part of Ripple’s motion to dismiss and denied a part. The granted part were four documents to be taken by the court on judicial notice: a statement of facts from the federal government’s 2015 settlement with defendants Ripple Labs and defendant Ripple XRP II,  the “Ripple Credits” page from Wiki, Q1 2018 XRP market report and an article titled “Ripple is sitting on close to $80 billion and could cash out hundreds of millions per month—but it isn’t”.

The case will be moving forward and we are yet to find out what the US justice system will rule. Many have misconceptions about the history of XRP and Ripple and the “XRP is a security” issue has been around for a long time now. This lawsuit may bring the end of that discussion.

Image Licensed via Shutterstock

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp

Frequently Asked Questions

Can I trust Cryptonary's calls?

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

Do I need to be an experienced trader or investor to benefit?

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

What makes Cryptonary different from free crypto content on YouTube or Twitter?

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

Why is there no trial or refund policy?

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Do I get direct access to the Cryptonary team?

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

How often is content updated?

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

How does the success guarantee work?

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
Portfolio Allocation: How to Grow from $0 to $1M+
PRO
Research Report
Portfolio Allocation: How to Grow f...The structure of your portfolio should always reflect the size of your portfolio. Smaller accounts b...
16 min read
Nov 25, 2025
Market Pulse: HYPE Faces Its Biggest Unlock Yet
Market Pulse
Market Pulse: HYPE Faces Its Bigges...This week’s massive HYPE unlock sets the stage for supply-driven volatility, as protocol buybacks la...
3 min read
Nov 24, 2025
BTC, ETH and More: Oversold Bounces or Breakdown?
Market Direction
BTC, ETH and More: Oversold Bounces...Price action across majors has compressed into key higher-timeframe support. Conditions for a powerf...
8 min read
Nov 24, 2025
AMA with Tom & Abror : 27th November
PRO
Livestreams
AMA with Tom & Abror : 27th Novembe...In this AMA, The team discusses the current state of the cryptocurrency market, particularly focusin...
1 min read
Nov 28, 2025
The Hidden Kraken Airdrop Everyone’s Sleeping On👀
PRO
Airdrop Reports
The Hidden Kraken Airdrop Everyone’...Kraken is quietly setting up one of the biggest ecosystem plays heading into 2026, and almost nobody...
8 min read
Nov 27, 2025
Market Update: Are New Lows About to Hit?
PRO
Market Updates
Market Update: Are New Lows About t...Pressure is building, fear is rising, and the chart is winding up for a decisive move. The question ...
2 min read
Nov 26, 2025
Portfolio Allocation: How to Grow from $0 to $1M+
PRO
Research Report
Portfolio Allocation: How to Grow f...The structure of your portfolio should always reflect the size of your portfolio. Smaller accounts b...
16 min read
Nov 25, 2025
Market Pulse: HYPE Faces Its Biggest Unlock Yet
Market Pulse
Market Pulse: HYPE Faces Its Bigges...This week’s massive HYPE unlock sets the stage for supply-driven volatility, as protocol buybacks la...
3 min read
Nov 24, 2025
BTC, ETH and More: Oversold Bounces or Breakdown?
Market Direction
BTC, ETH and More: Oversold Bounces...Price action across majors has compressed into key higher-timeframe support. Conditions for a powerf...
8 min read
Nov 24, 2025
AMA with Tom & Abror : 27th November
PRO
Livestreams
AMA with Tom & Abror : 27th Novembe...In this AMA, The team discusses the current state of the cryptocurrency market, particularly focusin...
1 min read
Nov 28, 2025
The Hidden Kraken Airdrop Everyone’s Sleeping On👀
PRO
Airdrop Reports
The Hidden Kraken Airdrop Everyone’...Kraken is quietly setting up one of the biggest ecosystem plays heading into 2026, and almost nobody...
8 min read
Nov 27, 2025
Market Update: Are New Lows About to Hit?
PRO
Market Updates
Market Update: Are New Lows About t...Pressure is building, fear is rising, and the chart is winding up for a decisive move. The question ...
2 min read
Nov 26, 2025
Portfolio Allocation: How to Grow from $0 to $1M+
PRO
Research Report
Portfolio Allocation: How to Grow f...The structure of your portfolio should always reflect the size of your portfolio. Smaller accounts b...
16 min read
Nov 25, 2025
Market Pulse: HYPE Faces Its Biggest Unlock Yet
Market Pulse
Market Pulse: HYPE Faces Its Bigges...This week’s massive HYPE unlock sets the stage for supply-driven volatility, as protocol buybacks la...
3 min read
Nov 24, 2025
BTC, ETH and More: Oversold Bounces or Breakdown?
Market Direction
BTC, ETH and More: Oversold Bounces...Price action across majors has compressed into key higher-timeframe support. Conditions for a powerf...
8 min read
Nov 24, 2025
Research
Top PicksDeep DivesPassive IncomeAirdrop ReportsCrypto Research
Analysis
Market UpdatesMarket DirectionMarket PulseLivestreams
Tools
Market DirectionAssets & PicksAirdropsPortfolio Tracker
Cryptonary
Affiliate programEducationPrivacy PolicyTerms & ConditionsContact UsWrite for us
Stay connected
Disclaimer: The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, legal, or tax advice. Cryptonary is not a licensed financial advisor. All content is shared without any guarantee of accuracy or completeness. You are solely responsible for your investment decisions. Always do your own research and consult with a licensed professional before making financial choices. Past performance is not indicative of future results.

×

Don't Miss The Next 100X

We called major winners like

BTC

BTC

120X

ETH

ETH

270X

SOLANA

SOLANA

30X

Get our next high-conviction setup + weekly research free.

Join 300,000+ investors and traders who've been following us since 2017.

​
Germany

Free forever. Unsubscribe anytime. No credit card required.