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Ripple faces securities suit in California over CEO’s ‘misleading statement’

Judge Phyllis Hamilton found XRP could be a security when sold in the retail market and gave the go-ahead to a lawsuit over statements from Ripple CEO Brad Garlinghouse.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Ripple faces securities suit in California over CEO’s ‘misleading statement’

Judge Phyllis Hamilton found XRP could be a security when sold in the retail market and gave the go-ahead to a lawsuit over statements from Ripple CEO Brad Garlinghouse.

Why this matters

This altcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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