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.
![Ripple faces securities suit in California over CEO’s ‘misleading statement’](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDYvYTQwYjc1YjQtYjViYy00NTVjLTk4NzAtMWY4NDVkMzFkMGQ2LkpQRw==.jpg?#)
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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