๐Ripple CEO Brad Garlinghouse is heading to trial in California over a civil securities lawsuit! While several claims were dismissed, the court will hear arguments on whether Garlinghouse made "misleading statements" during a 2017 interview.
๐จโโ๏ธThe judge didn't buy Ripple's argument that XRP doesn't meet the definition of a security under the Howey Test. This is a twist, as a NY judge previously ruled XRP didn't meet all Howey Test prongs.
๐Ripple's legal chief is still upbeat, noting the court dismissed all class action claims. Only one individual state law claim remains.
๐ฅHot topic: Do you think XRP is a security? Let's discuss! #Ripple #CryptoNews #XRP
