California judge breaks with New York counterpart, sends Ripple securities lawsuit to trial

“The court rejected the legal finding that a reasonable investor would have derived an expectation of profit from general cryptocurrency market trends, as opposed to Ripple’s efforts to promote the use of XRP in cross-border payments, among other things,” Hamilton wrote. . “Therefore, (the court) cannot consider it a legal issue that Ripple’s actions failed to induce reasonable investors to expect profits from the efforts of others.”