Ripple CEO: California court's ruling on Ripple lawsuit does not change the fact that XRP is not a security

Ripple CEO Brad Garlinghouse recently clarified the recent court ruling on Ripple's securities lawsuit on X. Phyllis J. Hamilton, a U.S. district judge for the Northern District of California, granted summary judgment on federal and state class claims, but refused summary judgment on individual claims under California law. In response, Garlinghouse further clarified: "There are many misleading and some factually inaccurate headlines describing the decision made by a California judge yesterday in the class action lawsuit regarding XRP. It can be accurately said that this is a huge victory... There is absolutely no decision to deny or change the fact that XRP itself is not a security (according to the decision of the New York court)." He emphasized that "all class actions in the lawsuit were dismissed" and said that the California court's "ruling dismissed all allegations that Ripple's sale of XRP violated federal securities laws." (Bitcoin.com) Earlier, a U.S. district court judge dismissed all four class action claims against Ripple, but allowed a state law claim to continue. A jury is set to continue deliberating on whether Ripple CEO Brad Garlinghouse made "misleading statements" related to securities sales during a 2017 television interview.