Ripple’s CEO, Brad Garlinghouse, criticized the SEC for declaring itself the authority over cryptocurrency regulation without legal jurisdiction. He defended Judge Torres’ decision that classified Ripple’s sale of XRP tokens as not constituting a sale of securities. Garlinghouse argued that legislation, not enforcement, is needed to establish clear rules and protect retail investors. While the SEC hinted at the possibility of appealing the ruling, lawyer John Deaton stated that an appeal could take at least two years, and until then, Judge Torres’ decision remains in effect. XRP holders were encouraged to recognize the significance of this legal win.
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