2024年6月28日
Ripple's Big Court Win Nonetheless Muddied Waters on Whether XRP Is a Security Deserving Tougher Regulation
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Ripple recently scored an unequivocal victory from a dollars-and-cents standpoint in a class action securities lawsuit, with the judge tossing out most of the case.
But the judge also muddied the waters on a bigger issue, diverging from a high-profile decision last year by hinting that Ripple's XRP might be a security – thus deserving closer regulation. The conflicting rulings from two judges are a symptom of a bigger problem: the lack of legal and regulatory clarity for the crypto industry in the U.S. Until that clarity is granted, either by Congress or a ruling from a higher court, there will likely be more confusion for projects like Ripple and beyond.
Joseph Castelluccio was quoted in this article, explaining the nuances of the ruling.
But the judge also muddied the waters on a bigger issue, diverging from a high-profile decision last year by hinting that Ripple's XRP might be a security – thus deserving closer regulation. The conflicting rulings from two judges are a symptom of a bigger problem: the lack of legal and regulatory clarity for the crypto industry in the U.S. Until that clarity is granted, either by Congress or a ruling from a higher court, there will likely be more confusion for projects like Ripple and beyond.
Joseph Castelluccio was quoted in this article, explaining the nuances of the ruling.
