SEC Case Case against XRP, General Manager’s claim

Geple Ce Brad Garlinghouse announced that American securities and prohibition commissions reject their appeal in a long-term legal battle on the KSRP.

The case that began in December 2020. years, the accused of selling the sale of XRP (XRP) as unregistered security.

In a statement Posted on X, Garlinghouse called lawsuit failed attempt SEC to regulate the crypto industry execution.

The case described as “convicted from the beginning” and was framed as part of the wider government effort to “choose the winners” in crypto space.

He also noticed that Ripple’s legal battle Set the precedent, association of ways for clearer regulatory guidelines.

Ripple previously won a partial victory when the American Judge ruled that the KSRP is not security in market sales. However, the Court also found that sales of institutional investors violated securities laws.

While SEC originally indicated his intention to complain, she has now decided to completely reject the case, Garlinghouse said.

Sex did not officially confirm this news.

SEC had done investors

Gurflac criticized SEC is a approach under President Gary Glensler, arguing that the regulator had done investors, not to protect them.

He demonstrated 15 billion dollars in the market value that was deleted when SEC first submitted a lawsuit, calling the “Manipulator on the market” regulator.

The case was carefully observed as a key legal battle for the crypto industry. Ripple’s victory could affect how regulators in the future approach digital property. Garlinghouse was talking to a higher cry at all, saying that this outcome step towards making the United States is a more favorable environment for CRIPTO innovation.

XRP spread in news and currently traded from $ 2.55.