Ripple class action lawsuit enters final judgment phase, which may help it deal with ongoing litigation with SEC

Certain class-action lawsuits against Ripple and its CEO Brad Garlinghouse are moving toward final judgment, potentially aiding their ongoing litigation against the U.S. Securities and Exchange Commission.
On Thursday, Judge Phyllis Hamilton granted final judgment in the settled class action lawsuits and ordered a stay of the remaining unresolved lawsuits. The decision shortens the class action lawsuits and paves the way for a trial to begin on January 21, 2025.
The class action plaintiffs argue that Ripple violated federal and California securities laws by selling XRP without registration between 2017 and 2023.
The analysis points out that the final judgment in this case may have a chain reaction on similar lawsuits filed by the SEC in 2020. Specifically, a ruling in favor of Ripple may greatly help it fight the SEC's allegations that it has violated federal securities laws.