Claim $500Ripple Vs SEC: Brad Garlinghouse Expects XRP Lawsuit To End Soon
Highlights
- Brad Garlinghouse projects a resolution for Ripple’s case with the SEC.
- Garlinghouse restated the industry’s demand for clear rules.
- Recent SEC lawsuits have sparked downward sentiments among investors.
Ripple CEO Brad Garlinghouse expects a resolution of the longstanding case with the Securities and Exchange Commission (SEC). The SEC and Ripple have seen several back-and-forths regarding the status of XRP as an institutional investment contract. Last year, a ruling gave Ripple a partial victory over the SEC which was celebrated as a landmark decision.
Ripple V SEC Saga Might Be Over Soon
Brad Garlinghouse stated that the ruling on the case last year was clear from the judge however, the question of investment contracts sold to institutions remains the final piece. In a recent Bloomberg interview, Garlinghouse explained that while he expects a resolution on the last piece with the SEC, but can’t predict when the judge will give a final ruling.
Since, Dec 2020, Ripple and the financial regulator have engaged in a legal dispute with the SEC asserting that XRP is a security. While Ripple and the crypto community opposed that stance, the company gained a partial victory last year that is expected to reshape how crypto assets are viewed by regulators. The lawsuit affected the price of XRP as the asset hasn’t surged like others in the same period following a decline in sentiments.
At press time, XRP price stands at $0.5606, a 6.73% decline in the last 24 hours after surging 28% last week. XRP bulls have made wild projections of the asset hitting $1 after its case with the SEC.
Garlinghouse Seeks Clear Rules
Like the wider crypto market, Garlinghouse stressed crypto regulation to prevent the proliferation of lawsuits and harsh policies of the SEC. According to him, SEC chair Gary Gensler is at war with the industry. Drawing lines with the European Union’s MiCA legislation, he added that the U.S. market needs clear rules.
“… and what frustrating as a US company and as someone who grew up here in the Midwest, it’s frustrating that we as a country can’t get that rules in place, the framework, and instead we have this interminable litigations coming from the SEC that isn’t really solving the problem.”
Also Read: Why is Russia Crypto Mining Dilemma Global Concern?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- FOMC Minutes: Most Fed Officials Say Further Rate Cuts Are ‘Appropriate’ If Inflation Declines
- Geopolitical Tensions Threaten Crypto Market as Russia Promises Retaliation Against Ukraine
- Bitcoin Rises as Long-Term Holders Stop Selling: Will BTC End 2025 In The Green?
- Bitcoin News: David Beckham-Backed Prenetics Halts Treasury Plans Amid ‘Crypto Winter’ Concerns
- Grayscale Files With SEC To Convert ‘GTAO’ Trust Into First Bittensor ETF
- Shiba Inu Price Prediction: Will SHIB Show Golden Cross Signal in 2026?
- Pi Network Price Prediction as Demand Slips Ahead of the 136m Unlock
- Why Bitcoin, Ethereum, XRP, and ADA Prices Are Falling Today
- Is XRP Price Preparing for Trend Reversal as ETF Inflows Extend to a 7th Straight Week?
- Binance Coin Price Risks Crash to $700 as Key BSC Metric Plunges 80%
- SUI Price Forecast: What’s Next for SUI in 2026 After $78.9M Token Unlocks?
