Ripple Executive Expresses Satisfaction with Recent Legal Developments
Brad Garlinghouse, an executive at Ripple, recently took to social media to express his satisfaction with the recent developments in the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). In a post, Garlinghouse stated that it was an even better day for Ripple, with a score of 3-0 against the SEC. This reflects the favorable outcomes that Ripple has achieved in court.
Personal Toll and Allegations Against the SEC
However, Garlinghouse also discussed the personal toll that the SEC’s actions have taken on him and his colleague Chris. He mentioned that they were targeted by the SEC in an attempt to ruin them personally and the company they have worked hard to build. Garlinghouse questioned the SEC’s focus, claiming that they neglected their duty to protect consumers and businesses in the U.S. He also highlighted undisclosed meetings between the SEC and industry figures like SBF, questioning the misallocation of resources in this legal battle.
It lost badly and it deserved to lose badly despite the success on institutional sales. I sincerely wish the SEC all the worst in the penalties phase of the litigation and that the court gives the smallest penalties possible. /5
Response from Attorney Bill Morgan
In response to Garlinghouse’s post, Attorney Bill Morgan emphasized the significance of the 3-0 score in favor of Ripple. He highlighted that the SEC’s case aimed to disgorge over $2 billion and labeled every XRP sale by Ripple as a security. Morgan expressed his wish for the SEC to face severe penalties in the next phase of litigation, even though no allegations of fraud or investor harm were brought against Ripple.
He wrote, “It lost badly, and it deserved to lose badly despite the success of institutional sales. I sincerely wish the SEC all the worst in the penalties phase of the litigation and that the court gives the smallest penalties possible.”
Confidence and Hope for Ripple
The SEC’s attempts in court did not go as planned, and they even faced trouble with the judge. As the case continues, Brad Garlinghouse and his legal team remain confident and hopeful about the outcome. They are eager for the SEC to face harsh penalties as a result of their actions.
Hot Take: Ripple Gains Momentum in Legal Battle Against SEC
Ripple’s recent successes in court have given them a significant advantage in their legal battle against the U.S. Securities and Exchange Commission (SEC). The 3-0 score in favor of Ripple reflects their favorable outcomes so far. Brad Garlinghouse, a Ripple executive, expressed satisfaction with these developments while also highlighting the personal toll and alleged misallocation of resources by the SEC. Attorney Bill Morgan supported Ripple’s position, expressing his desire for severe penalties against the SEC. With confidence and hope for a positive outcome, Ripple continues its fight against the SEC.
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