Odaily Planet Daily News Ripple recently made a profit in a class-action securities lawsuit. Although Judge Hamilton dismissed most of the lawsuit, he hinted that XRP might be a security and therefore requires stricter regulation. This runs counter to Judge Torres' ruling last year: the latter believed that XRP is basically not a security. This reflects a larger problem: the lack of legal and regulatory clarity in the US crypto industry, and unless Congress or higher court rulings give the industry clarity, projects such as Ripple may face more regulatory confusion. Ripple executives said Hamilton's 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 and Berkman, added: "...the question of whether XRP is a security has not been resolved." (CoinDesk)