Ripple's Chief Legal Officer, Stuart Alderoty, has addressed recent concerns about the legal status of XRP in California. The token, owned by Ripple, has been under scrutiny following a court ruling. The district court judge allowed a lawsuit to move forward, ruling that it would be up to a jury to decide whether XRP qualifies as a security for retail buyers on exchanges.

Alderoty emphasized that the California judge dismissed all allegations suggesting that Ripple violated federal securities laws. The only remaining claim in California, based on a 2017 declaration, involves state law and is scheduled for trial. The plaintiff reportedly lost a small amount of money on his trades, and Ripple looks forward to cross-examination in this matter.

This decision stands in contrast to an earlier ruling by Judge Analisa Torres, who found that secondary sales of XRP were not securities, a decision that initially appeared to favor Ripple. Thus, the popular cryptocurrency is not classified as a security in New York, a position that remains unchanged.

The latest development follows a pattern of inconsistent rulings from state to state, highlighting the need for federal legislation to provide a consistent regulatory framework for cryptocurrencies.