First statement from Ripple CEO after the decision: "Obstacles have been removed"
Ripple CEO Brad Garlinghouse said that after the four-year lawsuit between Ripple and the SEC officially ended with a $125 million fine.
Ripple's CEO, Brad Garlinghouse, released a statement after a final decision between Ripple and the SEC, which concluded the four-year lawsuit.
Garlinghouse said, “The SEC claimed $2 billion and the court fined 94 percent less, assessing that they had lost control. We respect the court's decision and now have the clarity necessary to continue to grow our company. This decision is a victory for Ripple, the industry and the rule of law.
The barriers of the SEC to the $XRP community have now disappeared," he said.
The enthusiasm of the decision was also seen at the price of $XRP . The cryptocurrency was traded at $0.50, up more than 25 percent in minutes to $0.64.
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