UK Investment Firm Tetragon Has Sued Ripple for Redemption of Shares

Rhythm BlockBeats news, on January 6, one of Ripple's large financial backers, the British investment company Tetragon Financial Group recently filed a lawsuit against Ripple in a US court, requiring Ripple to redeem Tetragon's C The company also asked the court to freeze Ripple's liquid assets until it pays the redemption fee.

In this regard, Ripple has applied to dismiss the lawsuit, the company said that only "if XRP is considered a security" , Tetragon can choose to switch its Ripple shares back to cash.

“Since there is no such characterization at this time, this lawsuit has no merit. We are seeking Disappointed to unfairly take advantage of the lack of clarity on U.S. regulation. The courts will provide that clarity, and we are very confident in our position.”

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia