- Class-Action Lawsuit and settlement (2020): In 2020, a class-action lawsuit was filed against Ripple, alleging that the company had engaged in a securities offering without properly disclosing the nature of XRP. The lawsuit was settled in 2022, with Ripple agreeing to pay a $25 million fine and to pay $60 million to investors who were affected by the alleged misrepresentation of XRP as an unsecured asset.
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