Ripple Avoids XRP Question as It Moves to Dismiss Securities Lawsuit

Blockchain network Ripple has filed a motion to dismiss a lawsuit accusing the firm of selling unregistered securities.

Ripple: Securities ruling beyond scope of the court

In a court filing uploaded by Fortune on Sept. 20, lawyers representing the company against investor Bradley Sostack contested the claims.

Part of an ongoing legal battle, Sostack says Ripple’s sales of XRP in 2013 constituted an unlawful securities offering.

Ripple denies this, but the case has thrown up wider concerns over the legality of Ripple’s operations regarding XRP. As Cointelegraph reported, executives have refused to acknowledge the company’s relationship to the token, despite their substantial personal holdings and con