XRP Buyers Too Late With Federal Law Claims in Ripple Suit

Ripple Labs Inc. beat a crypto buyer’s allegations that it violated federal securities law with unregistered sales of its XRP token.

The buyer’s claims are barred because they were brought more than three years after XRP was offered to the public, the judge said. The proposed class action was filed in July 2018, but Ripple argued XRP was listed on exchanges as far back as 2013.

“Based on the evidence that XRP was bona fide offered to the public before July 3, 2015, the court finds that plaintiffs’ federal securities claims are barred by the statute of repose,” Judge Phyllis ...