Ripple Executive: Judge Hamilton's Ruling Cannot Overturn Previous Decision that XRP is Not a Security
ChainCatcher reports that Ripple recently gained an advantage in a class-action securities lawsuit. Although Judge Hamilton dismissed most of the lawsuit, he hinted that XRP might be considered a security, which would require stricter regulation. This contradicts last year's ruling by Judge Torres, who determined that XRP is fundamentally not a security.
This highlights a larger issue: the lack of legal and regulatory clarity in the U.S. crypto industry. Unless Congress or a higher court provides clear guidance, projects like Ripple may face ongoing regulatory uncertainty.
Ripple executives stated that Hamilton's ruling does not overturn Torres' 2023 decision that XRP is not a security under federal law.
Moish Peltz, a partner at the New York law firm Falcon, Rappaport, and Berkman, added, "The question of whether XRP is a security remains unresolved."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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