The post Ripple CEO and Chief Legal Officer issue statements on XRP case rumors appeared on BitcoinEthereumNews.com.

Ripple’s Chief Executive Officer, Brad Garlinghouse, and Chief Legal Officer Stuart Alderoty have issued statements clarifying the court ruling in the latest class action lawsuit against Ripple. The CEO pointed out that several headlines incorrectly report the California court’s decision.  Also read: XRP price prediction 2024-2030: Is $1 coming soon? Ripple’s CEO and Chief Legal Officer issued separate statements clarifying the California court ruling in the class action suit against Ripple. The statements follow the June 21 ruling by the California court under Judge Phyllis Hamilton, dismissing all class action suits against the Blockchain company. The company’s executives released the statements to address the misinformation surrounding the XRP class action lawsuit. Brad Garlinghouse clarifies Ripple’s case rumors Brad Garlinghouse, Ripple’s CEO,  went on X to clarify the rumors surrounding the procedural win in the California courts on June 21. In his statement, he acknowledged the misleading and inaccurate headlines describing the Court’s decision. He stated that dismissing the class action claims was a big win for them.  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… — Brad Garlinghouse (@bgarlinghouse) June 21, 2024 He added that the decision did not negate the fact that XRP is not a security, as previously held by the New York courts. The California ruling dismissed all four claims that Ripple contravened any federal securities laws by issuing the XRP token without registering it as a security with the U.S. Securities and Exchange Commission (SEC). Garlinghouse also clarified that the state law claim is now scheduled for trial, where a jury will decide if the CEO misled…

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Filed under: News - @ June 23, 2024 11:18 am