Ripple executive: Hamilton judges ruling cannot overturn previous ruling that XRP is not a security

Odaily News Ripple recently won a class-action securities lawsuit. Although Judge Hamilton dismissed most of the lawsuit, he suggested that XRP may be a security and therefore require stricter regulation. This runs counter to Judge Torres ruling last year: the latter held that XRP is not essentially a security. This reflects a larger problem: the lack of legal and regulatory clarity in the U.S. crypto industry, and unless Congress or a higher court ruling gives the industry clarity, projects like Ripple may face more regulatory confusion. Ripple executives said Hamiltons ruling does not overturn Torres 2023 ruling that XRP is not a security under federal law. Moish Peltz, a partner at the New York law firm Falcon, Rappaport Berkman, added: ...the question of whether XRP is a security has not been resolved. (CoinDesk)