Ripple Labs Inc., its CEO Brad Garlinghouse, and subsidiary XRP II, LLC, are confronting a class action lawsuit filed in the Northern District of California. Notably, the lawsuit alleges that the San Francisco-based fintech company violated federal and California securities laws by offering and selling the digital asset XRP without the necessary registration. “The lawsuit The post Ripple, CEO Garlinghouse Face Lawsuit for Alleged Sale of Securities appeared first on Coin Edition .