Ripple’s president, CEO, and legal team have stated that they will continue to fight against the SEC’s appeal application regarding the lawsuit. There has been speculation that Ripple might settle or back out of the lawsuit, but the company has remained committed to the legal battle. CEO Brad Garlinghouse criticized the SEC for acting out of control. Ripple believes that the judge’s order in a previous case clarified that XRP is not a security, allowing the company to expand globally. Ripple has always been engaged with regulators and compliance is a priority in their product development. The ongoing dispute with the SEC has prompted Ripple to hire outside the U.S. The token’s price has remained relatively stable between $0.48 and $0.51 during this time.
AI Sentiment: Negative