California Judge Breaks With New York Counterpart, Sends Ripple Securities Lawsuit to Trial
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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
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Text source: Crypto Breaking News
