"Ripple's Legal Victory: SEC Appeal Delayed, XRP Price Potential, and Calls for Clear Crypto Regulations"

1 min read
Source: Cointelegraph
"Ripple's Legal Victory: SEC Appeal Delayed, XRP Price Potential, and Calls for Clear Crypto Regulations"
Photo: Cointelegraph
TL;DR

Ripple CEO Brad Garlinghouse believes that the U.S. Securities and Exchange Commission (SEC) will face a lengthy process before being able to appeal Judge Torres' favorable ruling in the case against Ripple. Garlinghouse dismissed the SEC's decision regarding institutional sales as insignificant and stated that an appeal by the SEC would only solidify the judge's decision that XRP is not a security. He criticized the SEC for being a bully and causing confusion in the market, hindering innovation in the U.S. crypto industry. Garlinghouse expressed optimism and stated that it could take years for the SEC to file an appeal.

Share this article

Want the full story? Read the original reporting

Read on Cointelegraph