Ripple CEO Brad Garlinghouse remains committed to challenging the SEC’s stance on XRP to the Supreme Court.
Legal battles over cryptocurrency regulations intensify, with potential implications for asset classification and industry standards.
Following recent updates from CNF, Ripple’s Chief Legal Officer, Stuart Alderoty, has called for U.S. Congress intervention amid the ongoing regulatory challenges. He urges Congress to halt funding for the SEC, emphasizing the need for legislative support to navigate the complex landscape of cryptocurrency regulations.
Continued Legal Battle with the SEC
Ripple faces ongoing legal challenges from the SEC, which plans to appeal a 2023 ruling that secondary sales of XRP do not constitute security offerings. Despite this, Ripple CEO Brad Garlinghouse remains committed to escalating the fight to the Supreme Court if necessary. This was highlighted during a recent discussion at Columbia Business School by Linda Steward, a former SEC litigator. Watch

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