#ATENCIÓN 🚀💥 Explosive statement from Ripple CEO regarding case $XRP :
Debunking Rumors and MisinformationRipple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty have come forward to clarify the recent spate of misleading headlines regarding an XRP-related class action lawsuit.
Garlinghouse highlighted that the decision of a judge in California was a resounding victory for Ripple, dismissing all class actions and reaffirming that XRP is not a security, as the New York Court had already determined. The California court also dismissed all allegations that Ripple obstructed federal securities law by selling XRP. Regarding a pending state claim, Garlinghouse clarified that the sole plaintiff did not purchase XRP directly from Ripple and could not confirm whether he was aware of the disclosure before the purchase, calling this case a failed attempt to take advantage of the American legal system to obtain million-dollar settlements.
Alderoty reiterated that the California judge rejected all federal securities law claims and confirmed that the New York decision still stands. He added that the only pending state claim is based on a 2017 statement, where the plaintiff, who did not purchase directly from Ripple, lost only a few hundred dollars.
Ripple remains firm and combats misinformation.