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.

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