{"id":562296,"date":"2023-11-24T15:00:33","date_gmt":"2023-11-24T15:00:33","guid":{"rendered":"https:\/\/wncen.com\/?p=562296"},"modified":"2024-06-11T11:19:16","modified_gmt":"2024-06-11T11:19:16","slug":"ripple-ceo-offers-perspective-on-legal-fallout-with-the-sec","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/ripple-ceo-offers-perspective-on-legal-fallout-with-the-sec\/","title":{"rendered":"Ripple CEO Offers Perspective On Legal Fallout With The SEC"},"content":{"rendered":"

Brad Garlinghouse, the CEO of Ripple, expressed<\/a> his views on the aftermath of their legal battle with the US Securities and Exchange Commission (SEC).<\/span><\/p>\n

Ripple CEO Insights On The SEC’s Stand In The Legal Battle<\/span><\/h2>\n

The Ripple CEO spoke about the case between the crypto company and the SEC in an<\/span> interview<\/span><\/a> at the 2023 DC Tech Week. Garlinghouse highlighted the SEC’s several setbacks since the case started.<\/span><\/p>\n

According to the CEO, “the SEC has lost on everything that matters” when he was asked if the case is “done and dusted.” He further highlighted that the case’s conclusion rests on the SEC’s decision to pursue an appeal or not.<\/span><\/p>\n

Related Reading: Ripple Introduces AMMs To XRPL, But Is This Good Or Bad For XRP Price<\/a><\/div>\n

Nonetheless, Garlinghouse asserted that whether or not the SEC files an appeal on the case, which seems over for the regulator. This is due to the SEC’s “losing about three times to the crypto firm.”\u00a0\u00a0<\/span><\/p>\n

In addition, the CEO also brought up the SEC’s losses in the Grayscale case. In a court ruling, a trial judge declared the agency was behaving <\/span>“arbitrarily and capriciously”<\/span><\/a> towards Grayscales’s Spot Bitcoin ETF application<\/a>.\u00a0<\/span><\/p>\n

Notably, this legal wording suggests intentional and unreasonable activities done carelessly, ignoring relevant circumstances, facts, and other parties’ rights. With this incident, Garlinghouse emphasized that the SEC should reevaluate its course toward cryptocurrency regulation. The CEO stated:<\/span><\/p>\n

I mean this is damning language from a federal judge to the SEC. At some point when you keep trying the same thing and having the same outcome, you need to change your approach. I hope the SEC’s change will be magical.<\/span><\/p><\/blockquote>\n

Nonetheless, Garlinghouse noted that the SEC losses will be amplified if they decide to take the appeal process higher.\u00a0<\/span><\/p>\n

Furthermore, Garlinghouse “reaffirmed” that <\/span>Ripple<\/span><\/a> stands prepared to pursue the matter further with the US Supreme Court should the situation demand it. Given that the Supreme Court has typically ruled against regulators, he firmly believes that the SEC would fail in the Supreme Court.<\/span><\/p>\n

Regulatory Framework For the Cryptocurrency Industry<\/span><\/h2>\n

The <\/span>Ripple CEO<\/span><\/a> also spoke about the ambiguous regulatory framework for the cryptocurrency industry in the United States. According to Garlinghouse, other nations are increasing their market influence by implementing open rules and luring capital into the industry. On the other hand, the US continues to view cryptocurrencies with “skepticism.”<\/span><\/p>\n

Related Reading: Ripple CEO Declares Intent To Bring XRP Battle To Supreme Court<\/a><\/div>\n

Garlinghouse conveyed that the US lacks a conducive <\/span>regulatory framework<\/span><\/a>. This causes the United States to “forfeit” its prospective position as a leader in the cryptocurrency space. So far, the Ripple CEO believes the US will create a crypto-friendly legal environment in the next ten years.<\/span><\/p>\n

\"XRP\"
XRP trading at $0.61 on the 1D chart | Source: XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Feature image from iShock, chart by Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Brad Garlinghouse, the CEO of Ripple, expressed his views on the aftermath of their legal battle with the US Securities and Exchange Commission (SEC). Ripple CEO Insights On The SEC’s Stand In The Legal Battle The Ripple CEO spoke about the case between the crypto company and the SEC in an interview at the 2023 DC Tech Week. Garlinghouse highlighted the SEC’s several setbacks since the case started. According to the CEO, “the SEC has lost on everything that matters” when he was asked if the case is “done and dusted.” He further highlighted that the case’s conclusion rests on the SEC’s decision to pursue an appeal or not. Related Reading: Ripple Introduces AMMs To XRPL, But Is This Good Or Bad For XRP Price Nonetheless, Garlinghouse asserted that whether or not the SEC files an appeal on the case, which seems over for the regulator. This is due to the SEC’s “losing about three times to the crypto firm.”\u00a0\u00a0 In addition, the CEO also brought up the SEC’s losses in the Grayscale case. In a court ruling, a trial judge declared the agency was behaving “arbitrarily and capriciously” towards Grayscales’s Spot Bitcoin ETF application.\u00a0 Notably, this legal wording suggests intentional and unreasonable activities done carelessly, ignoring relevant circumstances, facts, and other parties’ rights. With this incident, Garlinghouse emphasized that the SEC should reevaluate its course toward cryptocurrency regulation. The CEO stated: I mean this is damning language from a federal judge to the SEC. At some point when you keep trying the same thing and having the same outcome, you need to change your approach. I hope the SEC’s change will be magical. Nonetheless, Garlinghouse noted that the SEC losses will be amplified if they decide to take the appeal process higher.\u00a0 Furthermore, Garlinghouse “reaffirmed” that Ripple stands prepared to pursue the matter further with the US Supreme Court should the situation demand it. Given that the Supreme Court has typically ruled against regulators, he firmly believes that the SEC would fail in the Supreme Court. Regulatory Framework For the Cryptocurrency Industry The Ripple CEO also spoke about the ambiguous regulatory framework for the cryptocurrency industry in the United States. According to Garlinghouse, other nations are increasing their market influence by implementing open rules and luring capital into the industry. On the other hand, the US continues to view cryptocurrencies with “skepticism.” Related Reading: Ripple CEO Declares Intent To Bring XRP Battle To Supreme Court Garlinghouse conveyed that the US lacks a conducive regulatory framework. This causes the United States to “forfeit” its prospective position as a leader in the cryptocurrency space. So far, the Ripple CEO believes the US will create a crypto-friendly legal environment in the next ten years. Feature image from iShock, chart by Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":562298,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[428,1256,3680,3799,84647,13993,78763],"class_list":["post-562296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-bitcoin","tag-ceo","tag-ripple","tag-sec","tag-spot-bitcoin-etf","tag-supreme-court","tag-xrpusdt"],"acf":[],"yoast_head":"\nRipple CEO Offers Perspective On Legal Fallout With The SEC<\/title>\n<meta name=\"description\" content=\"Ripple Chief Executive Officer (CEO) Brad Garlinghouse has recently offered his optimism and expressed confidence in the SEC case.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/wncen.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ripple CEO Offers Perspective On Legal Fallout With The SEC","url":"http:\/\/wncen.com\/news\/ripple\/ripple-ceo-offers-perspective-on-legal-fallout-with-the-sec\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/ripple-ceo-offers-perspective-on-legal-fallout-with-the-sec\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/iStock-1349331161-2.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/iStock-1349331161-2.jpg?fit=2121%2C1414"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","ceo","ripple","sec","spot bitcoin etf","supreme court","xrpusdt"],"dateCreated":"2023-11-24T15:00:33Z","datePublished":"2023-11-24T15:00:33Z","dateModified":"2024-06-11T11:19:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ripple CEO Offers Perspective On Legal Fallout With The SEC\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/ripple-ceo-offers-perspective-on-legal-fallout-with-the-sec\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/ripple-ceo-offers-perspective-on-legal-fallout-with-the-sec\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/iStock-1349331161-2.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/iStock-1349331161-2.jpg?fit=2121%2C1414\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"ceo\",\"ripple\",\"sec\",\"spot bitcoin etf\",\"supreme court\",\"xrpusdt\"],\"dateCreated\":\"2023-11-24T15:00:33Z\",\"datePublished\":\"2023-11-24T15:00:33Z\",\"dateModified\":\"2024-06-11T11:19:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/iStock-1349331161-2.jpg?fit=2121%2C1414","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/562296"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=562296"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/562296\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/562298"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=562296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=562296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=562296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}