The court declines to find as a matter of law that a reasonable investor would have derived any expectation of profit from general cryptocurrency market trends, as opposed to Ripples efforts to facilitate XRPs use in cross-border payments, among other things, Hamilton wrote. Accordingly, the [court] cannot find as a matter of law that Ripples [...]The post California Judge Breaks With New York Counterpart, Sends Ripple Securities Lawsuit to Trial appeared first on Crypto Breaking News.

California Judge Breaks With New York Counterpart, Sends Ripple Securities Lawsuit to Trial

The court declines to find as a matter of law that a reasonable investor would have derived any expectation of profit from general cryptocurrency market trends, as opposed to Ripples efforts to facilitate XRPs use in cross-border payments, among other things, Hamilton wrote. Accordingly, the [court] cannot find as a matter of law that Ripples conduct would not have led a reasonable investor to have an expectation of profit due to the efforts of others.

Source: CoinDesk

The post California Judge Breaks With New York Counterpart, Sends Ripple Securities Lawsuit to Trial appeared first on Crypto Breaking News.