Ripple CEO Brad Garlinghouse recently spoke about the ongoing legal dispute with the SEC and how the upcoming election might influence the regulatory landscape. During his talk at DC Fintech Week, Garlinghouse highlighted Ripple’s partial court victory earlier this year, where Judge Analisa Torres ruled that Ripple’s XRP tokens were not securities when sold to the public—a decision that was celebrated by the crypto industry. However, the SEC appealed this decision, extending the legal conflict, with hearings now set for 2025. Garlinghouse criticized the SEC for what he described as regulatory overreach, arguing that their actions limit innovation and create an uncertain environment for crypto companies operating in the U.S.
Garlinghouse also touched on the potential effects of the November election, expressing optimism that the outcome could lead to a more “pro-crypto” Congress, fostering a favorable regulatory environment for crypto and blockchain technology. He has personally supported pro-crypto initiatives through contributions to Fairshake, a political action committee advocating for favorable crypto regulations. Ripple is also broadening its crypto ventures, preparing to launch its own stablecoin, Ripple USD (RLUSD), which reflects its ongoing commitment to expanding blockchain-based financial solutions.
The next few months could be pivotal for Ripple and the broader crypto industry, depending on both the court’s decision and the possible shifts in legislative attitudes after the election. Garlinghouse’s remarks indicate a hopeful stance on the future of crypto in the U.S., despite the ongoing legal battles and regulatory challenges
