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Ex-Congressman and Presidential Candidate Ron Paul Became Bitcoin Owner

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  • Denis Sinyavskiy
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    There is one more Bitcoin owner in the world, the former US Congressman and presidential candidate Ron Paul has joined the crypto enthusiasts

Ex-Congressman and Presidential Candidate Ron Paul Became Bitcoin Owner
Cover image via u.today

On his Twitter account, Bobby Lee, who serves on Bitcoin Foundation's Board of Directors, published a photo of him presenting his first Bitcoin to the former US Congressman and Presidential Candidate Ron Paul.

Achievement: First Bitcoin!

At the 2019 Litecoin Summit, Bobby Lee's startup (Ballet) revealed a gold-plated physical Bitcoin wallet called REAL. Not only does this wallet allow for individuals to load Bitcoins onto it, but that it is also designed for cold storage of cryptocurrencies. Charlie Lee was present at the meeting with Paul.

The tweet says that the wallet is customized specifically for the former US congressman:

“It was a special serial number AA000820 to match his birthday! And he loves the #Gold color.”

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Ron Paul, Protector of Bitcoin

Paul has been featured increasingly in the crypto industry. As a rule, his position boils down to criticism of the Fed. Recently, Paul said that the Fed should not think about creating its own cryptocurrency because they will fail.

Now, the former US Congressman has even more reasons to uphold Bitcoin in society. It will be interesting see what occurs down the road.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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Ripple Once Again Tries to Toss Class-Action Lawsuit, Insists XRP Is Not a Security

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  • Alex Dovbnya
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    Ripple makes a final push to dismiss the damning class-action lawsuit ahead of a court hearing that is scheduled for January 2020

Ripple Once Again Tries to Toss Class-Action Lawsuit, Insists XRP Is Not a Security
Cover image via 123rf.com

Ripple has once once again asked a federal court to dismiss the pending class-action lawsuit over selling illegal securities, a new court filing shows.

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The company reiterates the same "statue of repose" argument, which means that the plaintiffs failed to meet a legal deadline for filing the suit. Ripple started selling XRP to retail investors back in 2013, which means that it was way too late to bring legal actions against it back in summer 2018 after a bar to a lawsuit was imposed in 2016.    

The blockchain behemoth also continues to insist that XRP is not a security, but it called this issue "irrelevant" to their latest motion, which is why it didn't address this point in-depth. It's not the first time that Ripple tries to dodge the big question that is the cornerstone of the long-lasting legal battle. 

"XRP is not a security, but that is irrelevant for purposes of this motion. Even if XRP were a security, Plaintiff's claims still fail as a matter of law,” the filing said.   

Ripple's previous attempt to throw the suit out of the court didn't bode well. As reported by U.Today, Bradley Sostack, the leading plaintiff in the ongoing case, believes that the defendants are still liable for selling illegal securities. The parties are expected to duke it out in court in January 2020.  

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XRP's status as a security remains a point of contention within the cryptocurrency industry. Crypto influencer BitLord recently slammed Ripple for dumping their native tokens on investors to acquire businesses.    

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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