Ripple Faces SEC Appeal: Garlinghouse and Gensler's Positions on XRP

Thursday, 3 October 2024, 01:23

Brad Garlinghouse has responded to the SEC's appeal regarding XRP's regulatory status. The SEC, led by Gary Gensler, aims to overturn Judge Analisa Torres' ruling on Ripple. This ongoing battle between Ripple and the SEC could significantly impact XRP's price and the broader cryptocurrency market.
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Ripple Faces SEC Appeal: Garlinghouse and Gensler's Positions on XRP

Ripple CEO's Response to SEC Appeal

As the SEC's decision to appeal Judge Analisa Torres' ruling on Ripple's XRP takes center stage, Ripple’s CEO Brad Garlinghouse has publicly expressed his disdain. He labeled the SEC's actions as infuriating, reflecting the growing tension between innovation in the cryptocurrency sector and regulatory bodies.

Impact on XRP and the Market

The appeal led to a sharp decline in XRP's price, showcasing the volatility inherent in the cryptocurrency market. Investors are closely watching the dynamics between Ripple and the SEC, especially under Gary Gensler's leadership, which has raised concerns about regulatory clarity for cryptocurrencies.

  • Ripple stands firm against the SEC
  • Market reactions to legal developments
  • Potential implications for future rulings

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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