Golden Finance reported that Ripple recently won an undoubted victory from a monetary perspective in a class-action securities lawsuit, with the judge dismissing most of the lawsuit. But the judge also confused the issue on a larger issue, suggesting that Ripple's XRP might be a security and therefore require stricter regulation, which runs counter to last year's high-profile ruling. The conflicting rulings of the two judges, one saying XRP is a security and the other believing it is basically not, are a symptom of a larger problem: the lack of legal and regulatory clarity in the U.S. cryptocurrency industry. Unless Congress or a higher court makes clear provisions, projects such as Ripple may become even more confusing. Moish Peltz, a partner at the New York law firm Falcon, Rappaport and Berkman, explained: "At least for this ancillary cause of action, the question of whether XRP is a security has not been resolved."
