Log in

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.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

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.

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.

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.

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.

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.

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.

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
Passive income: 2 single-sided yields on SOL with up to 70% APY
PRO
Research Report
Passive income: 2 single-sided yiel...We came across two yield setups on Solana that just make sense: easy to run, strong returns, and ful...
7 min read
Oct 29, 2025
Altcoin Scanner: Daily Trading Ideas
PRO
Market Direction
Altcoin Scanner: Daily Trading Idea...The altcoin market is waking up. After weeks of quiet price action, momentum is shifting and several...
4 min read
Oct 28, 2025
BTC, ETH and More: Bullish Breakouts and Critical Resistance Tests
PRO
Market Direction
BTC, ETH and More: Bullish Breakout...The majors broke upside on positive macro news, now testing key resistances. Watch for bullish conti...
8 min read
Oct 27, 2025