Ripple CEO Brad Garlinghouse expressed frustration over the ongoing legal battle with the Securities and Exchange Commission (SEC), stating that Ripple has spent over $100 million defending the case. He remains optimistic as the judge has already stated that XRP is not a security. Garlinghouse believes that eventually, Congress will be called upon to take action in regulating the digital asset landscape. The lack of clear regulatory guidelines for cryptocurrencies as securities or commodities is highlighted by the Ripple and Coinbase cases. The article also discusses technical analysis of XRP’s price movements and potential support and resistance levels.
AI Sentiment: Neutral
