---
title: "Ripple faces securities suit in California over CEO's ‘misleading statement’"
url: https://diffcoin.com/ripple-faces-securities-suit-in-california-over-ceos-misleading-statement/
description: "Judge Phyllis Hamilton found XRP could be a security when sold to retail and gave the go-ahead to a class-action lawsuit over statements from Ripple CEO…"
published: 2024-06-21
updated: 2024-06-21
author: "Mila"
site: "Diffcoin"
---

# Ripple faces securities suit in California over CEO's ‘misleading statement’

Judge Phyllis Hamilton found XRP could be a security when sold to retail and gave the go-ahead to a class-action lawsuit over statements from Ripple CEO Brad Garlinghouse.

[Source link](https://cointelegraph.com/news/ripple-california-securities-suit-ceo-garlinghouse-statements)