RippleLabs was again sued and the plaintiff sued for security and investment breaches in Florida.

According to U. Today, after the US SEC filed a lawsuit, Ripple Labs was sued by Florida fiancé Tyler Toomey. activity. It was reported that Ripple could not pay the company's operating expenses and had to sell as many tokens as possible while managing supplies and revenue. In the lawsuit, Ripple CEO Brad Garlinghouse was named a defendant, claiming that he sold approximately $ 150 million worth of XRP in managed tokens between April 2017 and December 2019.