Brad Garlinghouse, the CEO of Ripple, recently shared his insights on the legal battle between Ripple and the US Securities and Exchange Commission (SEC). Speaking at the 2023 DC Tech Week, Garlinghouse highlighted the setbacks faced by the SEC in the case. He stated that the SEC has lost on everything that matters and whether or not they decide to appeal, the case seems to be over for the regulator. Garlinghouse also mentioned the SEC’s losses in the Grayscale case, where a trial judge criticized the agency for behaving arbitrarily and capriciously. He emphasized that the SEC needs to reevaluate its approach to cryptocurrency regulation. Garlinghouse further noted that if the SEC decides to take the appeal process higher, their losses will be amplified. He reaffirmed that Ripple is prepared to pursue the matter further with the US Supreme Court if necessary, as he believes the SEC would fail in the Supreme Court. In addition to discussing the legal battle, Garlinghouse also spoke about the regulatory framework for the cryptocurrency industry in the United States. He expressed his concern that the US lacks a conducive regulatory environment, which is causing the country to forfeit its potential leadership position in the cryptocurrency space. Garlinghouse believes that other nations are increasing their market influence by implementing open rules and attracting capital into the industry. He hopes that the US will create a crypto-friendly legal environment within the next ten years.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Brad Garlinghouse
Companies	US Securities and Exchange Commission (SEC), Grayscale, Supreme Court, Ripple
Currencies	Bitcoin, XRP
Securities	None