Ripple CEO Brad Garlinghouse commits to fighting the SEC’s appeal, vowing to defend XRP’s status as a non-security in court, despite new legal hurdles.
Ripple CEO Brad Garlinghouse has pledged to continue fighting the SEC’s latest appeal, following a partial victory for Ripple in its legal battle against the regulator. While XRP’s status as a non-security on public exchanges was upheld by a court ruling, the SEC is challenging the decision, a move that could drag the case into 2026. Despite this, Garlinghouse remains firm, asserting that XRP's current legal status will not be overturned easily.
Key Points:
Ripple vs. SEC Legal Battle Continues: The SEC has filed an appeal against the district court's decision that ruled XRP is not a security when sold on public exchanges, igniting another legal round.
Garlinghouse's Commitment to Fight: Ripple CEO Brad Garlinghouse criticized the SEC's actions and vowed to fight the appeal for as long as necessary, reinforcing that XRP’s non-security status remains valid.
Appeal Timeline Could Extend Until 2026: According to legal experts, a ruling from the Second Circuit Court of Appeals may not come until 2026, meaning Ripple and the SEC are in for a long legal standoff.
XRP’s Market Impact: In the wake of the SEC’s appeal, XRP has experienced a price drop, falling over 10% in the last 24 hours, trading around $0.53.
Ripple’s ongoing battle with the SEC has taken another turn with the regulator's decision to appeal. While Ripple partially won in the initial ruling, the case’s conclusion could still be years away. Nevertheless, Ripple’s leadership remains determined to defend XRP’s legal status, with Brad Garlinghouse emphasizing the firm’s commitment to fighting the appeal every step of the way.
Source: Cointelegraph
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