A US federal court judge has allowed a civil securities lawsuit against Ripple Labs to proceed, denying its bid for summary judgment in a suit alleging its CEO violated California securities laws. 🏛️ California District Court Judge Phyllis Hamilton said in her June 20 order that a jury will decide whether Ripple CEO Brad Garlinghouse made “misleading statements” in a 2017 interview. However, Judge Hamilton, in her recent order, disagreed and instead concluded that XRP could be a security when sold to non-institutional investors.