The court has dismissed the lawsuit against Ripple.

According to a report by Bijie Network: The United States Court of Appeals for the Ninth Circuit has dismissed a long-standing class action lawsuit against Ripple Labs, ruling that the federal securities claims were filed too late. The court confirmed that the three-year statute of limitations for such lawsuits begins from the initial public offering of XRP in 2013, rather than from the plaintiffs' token purchases in 2017 or 2018. The court rejected the argument that subsequent sales constituted new offerings and noted that the nature of XRP had not changed.