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Tag: California

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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. A United States federal court judge has greenlit a civil securities lawsuit against Ripple Labs, denying its summary judgment bid in a suit alleging its CEO broke…
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New California Crypto Regulation Designed To Manage The Crypto Boom

Central issues: Lead representative Gavin Newsom signs a bill to explain California crypto guideline. Notwithstanding being a conspicuous promoter for blockchain and crypto innovation, Newsom’s past endeavors have confronted difficulties. The California crypto guideline plans to lay out a structure for the area’s development and strength. According to Bloomberg Law, California’s Governor Gavin Newsom has signed…
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