Ripple clarifies XRP is not a security after court ruling

Ripple's Chief Legal Officer clarified that a California judge has dismissed all charges against Ripple for violating federal securities laws. He emphasized that Judge Analisa Torres' ruling on XRP's non-security status is "unaffected". On Friday, the US Northern District Court of California made summary judgments dismissing federal and state class-action claims against Ripple on the grounds of resting and lack of interrelatedness. This effectively eliminates the class-action claims against Ripple Labs.