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Ripple Wins Partial Judgment in XRP Lawsuit; CEO Claims Gensler Could Cost Biden Election

Ripple has secured a partial summary judgment in a securities lawsuit, with a California judge dismissing allegations that Ripple violated federal securities laws
By: DeepNewz • June 26, 2024
Ripple Wins Partial Judgment in XRP Lawsuit; CEO Claims Gensler Could Cost Biden Election

Ripple has secured a partial summary judgment in a securities lawsuit, with a California judge dismissing allegations that Ripple violated federal securities laws. The New York ruling that XRP is not a security remains undisturbed. However, a separate civil securities lawsuit against Ripple Labs has been greenlit by a U.S. federal court judge, denying Ripple's summary judgment bid in a case alleging its CEO broke California securities laws. The June 20 order by Judge Phyllis Hamilton of the U.S. District Court for the Northern District was pivotal in this decision.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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