Ripple News: Ripple Labs and XRP holders are eagerly waiting for the crucial Summary Judgment in the long running legal battle with the U.S. Securities and Exchange Commission (SEC). However, Some XRP holders that claim that XRP is a Security have been hitting the court (Zakinov v. Ripple Labs). It is expected that a verdict in the sidelined Zakinov lawsuit might affect the vital US SEC Vs Ripple Case.
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The latest hearing in the Zakinov v. Ripple Labs reportedly took place on April 26, 2023. However, around 500 members of the public were allowed to attend the hearing online. The court hearing was for the oral arguments on the request of certifying the class of XRP holders going against Ripple.
Bradley Sostak, an XRP holder for just two weeks asked the court to let him be the lead plaintiff in the class lawsuit actions. However, he wants to acts for all the XRP holders involving investors who either owned it or sold it at a loss.
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