Ripple executive: Hamilton judges ruling cannot overturn previous ruling that XRP is not a security

2024/06/29 14:22

Odaily News Ripple recently won a class-action securities lawsuit. Although Judge Hamilton dismissed most of the lawsuit, he suggested that XRP may be a security and therefore require stricter regulation. This runs counter to Judge Torres ruling last year: the latter held that XRP is not essentially a security. This reflects a larger problem: the lack of legal and regulatory clarity in the U.S. crypto industry, and unless Congress or a higher court ruling gives the industry clarity, projects like Ripple may face more regulatory confusion. Ripple executives said Hamiltons 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 Berkman, added: ...the question of whether XRP is a security has not been resolved. (CoinDesk)

原文链接
Latest news
11:02
BIS Report: Capital Flow Management Measures Appear to Be Largely Ineffective in Cryptocurrency Transactions
10:57
LBank has launched BurnieAI by Virtuals (ROAST)
10:53
The winning rate of multiple short selling is 0. The whale stops loss at $90,000 and turns from short to long.
10:23
South Korean presidential candidates clash over stablecoins
10:10
Backpack Exchange upgrades its USD deposit yield to 5.56% annualized
Recommended Reading