Ripple executive: Hamilton judge's ruling cannot overturn previous ruling that XRP is not a security

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 requires stricter regulation. This runs counter to Judge Torres' ruling last year: the latter held that XRP is not basically a security. This reflects a larger problem: the lack of legal and regulatory clarity in the US crypto industry, unless Congress or a higher court ruling gives the industry clarity, projects like Ripple may face more regulatory confusion. Ripple executives said Hamilton's 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 and Berkman, added: "...The question of whether XRP is a security has not been resolved." (CoinDesk)