- Brad Garlinghouse expresses gratitude and pride for his team after a landmark court ruling declared XRP is not a security.
- This decision challenges the SEC’s view and sets a precedent for crypto assets.
- XRP experienced a 77% surge in price after the court ruling.
In a recent tweet, Ripple CEO Brad Garlinghouse expressed his gratitude and happiness for his employees following a historic victory for the company and the whole US crypto industry. The court concluded that XRP is not a security, establishing a precedent that may impact the future of crypto assets and securities legislation in the United States.
It’s been less than a week since the decision dropped, and I’m still overwhelmed with gratitude for (and hugely proud of) this team.An unequivocal win for Ripple and for crypto in the US.
That’s the bottom line. https://t.co/l8AixV1xnO
— Brad Garlinghouse (@bgarlinghouse) July 19, 2023
Ripple has always maintained that the SEC’s action against the business and its leadership was unjustified and an attempt to regulate cryptocurrency through intimidation. This is the first-ever industry victory over the SEC, and it has far-reaching consequences for …
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