Ripple has filed a motion to dismiss a class-action lawsuit alleging that it held an unregistered securities sale of its XRP tokens.

In courtroom documents filed on Dec. iv, Ripple argues that the plaintiffs' instance is contradictory and "cocky-defeating." Alongside a reiteration of previous arguments, the company now too claims that, even if XRP were a security, the statute of tranquility had passed before the lawsuit was brought to court.

Ripple says that XRP is not a security, but even if it were...

In what is reportedly Ripple'southward concluding effort to get the case thrown out before the scheduled hearing date in mid-January, the company reiterates its belief that XRP is not a security.

However, this latest filing adds the statement that, fifty-fifty if XRP were a security, then the plaintiff'southward claim would not be admissible, considering the statute of repose only allows claims to be made within iii years of the security being offered to the public.

Ripple sold XRP to the general public in coin offerings from 2022–2015, while the case was only brought to court in 2022, when lead plaintiff Bradley Sostack alleged that Ripple misled investors and sold XRP in violation of federal law.

Furthermore, the filing claims that Sostack has been unable to bear witness that he actually purchased XRP from the defendants or through an initial coin offering. Sostack allegedly bought his XRP from an unknown 3rd party through an exchange in Jan 2022.

Volition we observe out whether XRP is a security?

The class-action lawsuit has been a constant dorsum-and-forth betwixt the plaintiffs and Ripple. As Cointelegraph reported in August, the suit gained traction this summer when Sostack appealed to SEC guidelines.

Ripple later moved to dismiss the case in September, stating that the court need not resolve whether XRP is a security. At the time, crypto-focused lawyer Jake Chervinsky said:

"They brand twelve separate arguments for dismissal of the plaintiff's claims. Non a single one squarely addresses whether XRP is an unregistered security."

The XRP cost seems to exist unaffected past the news, trading up one.62% at $0.221, co-ordinate to Coin360.