XRP is categorically not a security, according to Ripple's director

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Cryptodnes2024/06/23 00:28

By:Cryptodnes

Ripple CEO Brad Garlinghouse recently made a public statement that was in response to a California judge's ruling that dismissed a class action lawsuit related to XRP.

Toy emphasized , that all claims in the class action were dismissed, reiterating that this ruling does not change the New York court's previous decision that XRP not a book of value.

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Garlinghouse argues:

“The moment information about XRP is released, it is available to users. Several news outlets misreported the XRP class action ruling. This is a major victory as it results in the dismissal of all claims for damages brought in class actions and nothing in the ruling changes the fact that XRP is not a security.”

According to him, this is a plaintiff who did not purchase his tokens directly from Ripple and cannot say whether or not he saw the statements in question at the time of purchase. He criticized those behind the suit as opportunists looking to profit from their lawsuits.

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