XRP Lawsuit: Court Rules in Favor of Ripple and CEO Brad Garlinghouse!

In a major development in the XRP lawsuit, a US court has issued an order in favor of Ripple Labs, XRP II LLC, and CEO Brad Garlinghouse. This ruling is a significant moment in the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC).

Court Rules in Favor of Ripple



In a recent filing in the In re Ripple Labs Inc. litigation, Judge Phyllis Hamilton granted a joint motion for final judgment and a stay of proceedings on the plaintiff’s class action claims. The court’s decision resolves several key claims against Ripple, XRP II LLC, and CEO Garlinghouse.

The class action claims included allegations of unregistered securities offers, Ripple’s role as a control person, and violations of California securities laws. This ruling is a major victory for Ripple, particularly as it continues to battle the SEC.

Key Points from the Court’s Decision

  • Final Judgment on Class Claims: The court granted final judgment on the class action claims, which were resolved in Ripple's favor.
  • Stay on State Law Claims: The court agreed to stay proceedings on certain individual state law claims until a final resolution is reached.
  • Trial Dates Set: The court set January 21, 2025, as the trial date, dismissing any immediate pretrial dates. New dates will be set after appeals are resolved.

This ruling strengthens Ripple’s position in the lawsuit and moves the case closer to resolution.

What’s Next for the XRP Lawsuit?

Although the court ruled in Ripple’s favor in this specific case, the broader lawsuit with the SEC remains unresolved. The SEC’s claims that XRP is an unregistered security continue to hang over Ripple.

Ripple has requested the court issue final judgment on the class action claims, with a stay on individual state law claims until the broader issues are settled. While this ruling is a win, the lawsuit is far from over.

Could Ripple’s Lawsuit Be Dismissed?

There’s growing speculation about whether the XRP lawsuit could be dismissed entirely. Legal experts and Ripple’s CTO, David Schwartz, suggest a dismissal is possible. Attorney Fred Rispoli believes a settlement is more likely than a withdrawal.

The debate around the lawsuit also intensified with comments from former US President Donald Trump, who promised clearer cryptocurrency regulations if re-elected, including possibly firing SEC Chair Gary Gensler. These statements have fueled speculation about the outcome of the case.

Ripple’s Outlook Amid Legal Challenges

Despite ongoing legal battles, Ripple’s long-term prospects remain strong. XRP continues to be a leading cryptocurrency, and Ripple is expanding its use cases in cross-border payments. The legal fight has not slowed Ripple’s growth in the blockchain space.

XRP Price Prediction: What’s Next for Ripple?

As the lawsuit unfolds, investors are closely watching XRP’s price. While the lawsuit’s outcome is uncertain, the growing adoption of Ripple’s technology and the potential resolution of legal issues could drive XRP’s value. 

Currently XRP Price was trading at $0.71 as per Coinpedia markets data. 



For a detailed analysis of XRP’s future price, check out our XRP Price Prediction article.

 

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