Ripple CEO Brad Garlinghouse expressed his satisfaction with the recent ruling in the SEC lawsuit against Ripple Labs. The lawsuit alleged that Ripple unlawfully offered and sold securities, but Judge Analisa Torres ruled that XRP is not a security. Garlinghouse criticized the SEC’s focus on power and politics and highlighted that most of Ripple’s customers are outside the U.S. He also suggested that the lawsuit represents the SEC’s attempt to prioritize unclear rules over industry clarity. Garlinghouse expressed confidence in a potential SEC appeal, stating that it would only further solidify the court’s decision. Overall, Garlinghouse sees the ruling as a triumph for Ripple and the entire cryptocurrency industry.
AI Sentiment: Positive
