The CEO of Ripple, Brad Garlinghouse, criticized the SEC’s actions in the cryptocurrency dispute, stating that the agency is prolonging the litigation process and impacting customers. He argued that clear rules and legislation are needed to protect retail investors and foster a stable environment for the cryptocurrency industry. The SEC’s decision to appeal the court’s ruling declaring XRP not a security has caused uncertainty in the market, leading to fluctuations in XRP’s value. The appeal process will be closely monitored, as its outcome could shape the future of the cryptocurrency market in the United States.
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