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<ul> 
 <li>Judge Phyllis Hamilton dismissed all class action claims against Ripple, confirming no securities law breaches.</li> 
 <li>Ripple CEO reaffirms XRP is not a security, aligning with a prior New York District Court decision.</li> 
 <li>Only one legal claim remains against Ripple, concerning a 2017 statement by CEO Garlinghouse, pending jury trial.</li> 
</ul> 
<p>Ripple CEO Brad Garlinghouse recently addressed misunderstandings related to a California court ruling, stressing the decision as a significant victory for XRP. He highlighted errors in crypto media portrayals of the case, correcting factually incorrect reports about the <a href="https://storage.courtlistener.com/recap/gov.uscourts.cand.334410/gov.uscourts.cand.334410.419.0.pdf" target="_blank" rel="noreferrer noopener">court’s conclusions</a>.&nbsp;</p> 
<p>Garlinghouse emphasized that Judge Phyllis Hamilton dismissed all class action claims against Ripple, confirming that the company did not breach securities laws in its dealings with XRP.</p> 
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   <p lang="en" dir="ltr">As many have noticed – and some have already pointed out – there have been numerous misleading and some factually inaccurate headlines describing the decision made by a California judge yesterday in the class action lawsuit about XRP. (I’m happy to see some correcting them – I…</p>— Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1804187612326056097?ref_src=twsrc%5Etfw">June 21, 2024</a>
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<p><strong>Further Clarifications on XRP’s Legal Standing</strong></p> 
<p>Moreover, the Ripple CEO reinforced the distinction that XRP is not a security by itself, a determination previously made by a New York District Court. This clarification comes as Garlinghouse prepares to address allegations from a 2017 statement he made, which is slated for trial under a state law claim.&nbsp;</p> 
<p>He reiterated his commitment to standing by his words, despite accusations of issuing misleading statements.</p> 
<p>Additionally, Ripple’s Chief Legal Officer Stuart Alderoty confirmed the ongoing validity of the non-security status of XRP, further supported by Judge Hamilton’s ruling. Only one claim remains, related to Garlinghouse’s comments from 2017, which will soon be judged by a jury.</p> 
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   <p lang="en" dir="ltr">To be clear – the CA judge dismissed all allegations suggesting that Ripple violated federal securities law. The NY ruling that XRP is not a security stands undisturbed. 1/2 <a href="https://t.co/iY0EYZOjzC">https://t.co/iY0EYZOjzC</a></p>— Stuart Alderoty (@s_alderoty) <a href="https://twitter.com/s_alderoty/status/1804144278945567231?ref_src=twsrc%5Etfw">June 21, 2024</a>
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<p>The clarity provided by Ripple’s leadership aims to settle the concerns of investors and observers about the legal challenges facing XRP. This development marks a crucial step in Ripple’s ongoing legal journey, highlighting its efforts to navigate complex regulatory environments.</p> 
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<p>The post <a href="https://cryptonewsland.com/ripple-ceo-brad-garlinghouse-clarifies-california-court-ruling-affirms-xrps-win/">Ripple CEO Brad Garlinghouse Clarifies California Court Ruling, Affirms XRP’s Win</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Ripple CEO Brad Garlinghouse Clarifies California Court Ruling, Affirms XRP’s Win

Crypto News Land

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