Ripple recently achieved an unquestionable victory from a monetary perspective in a collective securities lawsuit, as the judge dismissed most of the lawsuit. However, the judge also confused his vision on a larger issue, implying that Ripple's XRP may be a security and therefore requires stricter regulation, which is contrary to the highly anticipated ruling last year.

The rulings of the two judges contradict each other - one claiming that XRP is a security, while the other believes that it is not fundamentally so - a sign of a larger problem: the lack of legal and regulatory clarity in the US cryptocurrency industry. Unless Congress or higher-level courts make clear rulings, projects like Ripple may become even more chaotic.

Moish Peltz, a partner at the New York law firm Falcon, Rappaport, and Berkman, explained: "At least for this ancillary reason for the lawsuit, the issue of whether XRP belongs to securities has not been resolved."