Ripple CEO Gears Up for XRP Legal Battle in the Highest Court

By Noah Rypton Nov 9, 202345Views

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Ripple CEO Announces Plans to Take SEC Case to Supreme Court

Brad Garlinghouse, CEO of Ripple, announced at DC Fintech Week 2023 that his firm will be taking its case against the US Securities and Exchange Commission (SEC) to the Supreme Court. Garlinghouse revealed that his firm was offered a settlement but refused, feeling confident that the SEC would not win the case. He believes that this reflects Ripple’s current advantage in the legal battle over XRP’s security status. Despite this legal battle, Ripple’s XRP token has seen significant gains, surpassing $0.69 and achieving double-digit growth in November. The token has risen by 35% since the beginning of the year and by 80% in just one month.

Hot Take: Ripple Stands Firm Against SEC Proposal

Ripple CEO Brad Garlinghouse’s refusal of the SEC settlement proposal shows confidence in Ripple’s position, while XRP continues to show impressive growth despite the legal battle.

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Noah Rypton

Noah Rypton stands as an enigmatic fusion of crypto analyst, relentless researcher, and editorial virtuoso, illuminating the uncharted corridors of cryptocurrency. His odyssey through the crypto realms reveals intricate tapestries of digital assets, resonating harmoniously with seekers of all stripes. Noah's ability to unfurl the labyrinthine nuances of crypto intricacies is elegantly interwoven with his editorial finesse, transmuting complexity into an engaging symphony of comprehension. An unwavering beacon for both seasoned adventurers and neophytes in the crypto cosmos, Noah's insights forge a compass for informed decision-making amidst the tides of ever-evolving cryptocurrencies. With an artist's eye for precision, he crafts a distinctive narrative, enriching the vibrant tableau of the crypto landscape.