đ„Hot News! Ripple recently won a class-action securities lawsuit, but Judge Hamilton's ruling has sparked new controversy. đ€ Although most of the lawsuit was dismissed, the judge hinted that XRP may be a security and therefore requires stricter regulation.
This runs counter to Judge Torres' ruling last year, who believed that XRP is not essentially a security. This reflects the larger problem of a lack of legal and regulatory clarity in the US crypto industry. đUnless Congress or a higher court ruling gives the industry clarity, projects like 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. đšââïžMoish 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." đAll this makes us look forward to the future of Bitcoin! đ