No reliable news sources yet, so please do your own research, but early rumours of a lawsuit against the company.
Early news source: https://www.thedailytimes.com/business/equity-alert-rosen-law-firm-announces-securities-investigation-into-ripple/article_aa91e01f-a78a-5061-92a8-b1f25c2cfecc.html
Ahhh, yes, the Ripple effect...
Ripple IS a security and the company has tried to downplay that but as Charlie Lee pointed out, they have taken the necessary steps to insulate themselves by partnering with banks and hiring one of the former FED dept.'s leadership boys. Wait till Ripple hits $12. That's when you know the banks are winning the crypto-wars
NEW YORK--(BUSINESS WIRE)--Aug 7, 2018--Rosen Law Firm, a global investor rights law firm, announces it is investigating whether Ripple Labs, Inc. violated federal securities laws in connection with the sale of Ripple’s XRP tokens, also known as “Ripples.”
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by purchasers of Ripple’s XRP tokens. If you purchased Ripple’s XRP tokens, please visit the firm’s website at http://www.rosenlegal.com/cases-1395.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
It's also pushing other cryptos down, BTC is down to $6600.
Thanks for this. Will spread the word.
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