Ripple’s SEC Battle Nears End: Garlinghouse Confirms
Ripple CEO Brad Garlinghouse announces the end of the company’s prolonged legal fight with the SEC, highlighting the urgent need for clear crypto regulations in the U.S.

Ripple CEO Brad Garlinghouse recently revealed that the company’s extensive legal battle with the U.S. Securities and Exchange Commission (SEC) is set to conclude next week. This announcement was made during an interview. It signals a potential resolution after years of contention over whether XRP Ripple's digital asset, qualifies as a security.
Ripple’s dispute with the SEC has centered on the classification of XRP. Garlinghouse steadfastly maintained that XRP is not security. This stance was validated when a judge ruled in Ripple’s favor. It was a significant victory for the company and the broader crypto industry.
“Gensler has been at war with crypto. The OCC and other elements of the banking industry have been anti-crypto, and it’s not helping us.” - Brad Garlinghouse
Why has regulatory clarity been so elusive in the U.S.? Garlinghouse criticized the lack of clear regulations. He pointed out that many other countries have already established comprehensive frameworks for cryptocurrency He highlighted the frustration of spending over $150 million and three years in litigation. Meanwhile, international counterparts progress unimpeded.
Garlinghouse specifically called out SEC Chairman Gary Gensler. He accused him of overly broad interpretations of digital securities. Despite numerous judicial setbacks Gensler continues to pursue aggressive regulatory actions. Garlinghouse’s dissatisfaction extends to President Joe Biden’s administration. He laments the persistent regulatory ambiguity despite repeated industry pleas for clarity.
Reflecting on a recent bipartisan crypto roundtable in Washington, D.C. Garlinghouse noted a positive shift in dialogue. He acknowledged that Democrats have been slower to embrace crypto compared to Republicans. He also referenced legislative efforts like the Fit 21 Act. This shows growing bipartisan support for clear crypto regulations.
Garlinghouse emphasized the critical need for regulatory certainty to prevent the exodus of innovation and capital to other countries. Drawing parallels to the internet boom of the late 1990s, he underscored how clear regulations could similarly foster a thriving crypto industry in the U.S.
As Ripple's legal saga with the SEC nears its end. The broader crypto community eagerly awaits potential resolution and hopes for a new era of regulatory clarity.
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