Ripple CEO Ready To Fight SEC In Supreme Court: 'We'd Love To See The Vegas Odds'

Ripple CEO Brad Garlinghouse has stated that the company is prepared to take its legal battle with the U.S. Securities and Exchange Commission (SEC) over the XRP cryptocurrency to the Supreme Court. The dispute between Ripple and the SEC began in 2020 and revolves around the question of whether XRP should be registered as a security.

In an interview with Bloomberg, Garlinghouse expressed Ripple's commitment to seeing the legal proceedings through to the end. He mentioned the possibility of the Supreme Court eventually getting involved and noted that Ripple would be interested to see the odds on such an outcome in Vegas. While expressing determination to fight the case, Garlinghouse did not rule out the possibility of settling in the future.

Recently, the SEC requested the judge to drop parts of its litigation against Ripple co-founder Christian Larsen and Brad Garlinghouse. However, the SEC may still appeal the judge's decision more broadly.

The legal dispute is part of a broader conversation about the regulatory status of various cryptocurrencies. Crypto advocates argue that many digital assets, including XRP, do not meet the standards outlined by the SEC's securities rules, which are based on a 1946 Supreme Court case. The outcome of this legal battle could have significant implications for the regulation of cryptocurrencies in the United States.

#Web3.0 #NFT #Blockchain #Crypto #Cryptocurrency #AI #Metaverse #OpenSea #AR