#Ripple💰 CEO on #SECAppeal : ‘We’ll fight in court for as long as we need’
Ripple Labs CEO Brad #Garlinghouse Vows to Fight SEC's Appeal on XRP Ruling
Ripple Labs CEO Brad Garlinghouse has vowed to continue fighting the United States Securities and Exchange Commission (SEC) in court after the regulator announced its intention to appeal a district court decision regarding Ripple-linked token XRP.
In an October 2 post, Garlinghouse expressed his frustration with the SEC's decision, stating that XRP's status as a non-security is the law of the land. He also emphasized that Ripple will continue to fight in court for as long as necessary.
As a reminder, in July last year, Judge Analisa Torres ruled that XRP was not a security when sold on public crypto exchanges, effectively ending the SEC's 2020 lawsuit alleging unregistered securities sales through XRP. However, Torres also fined Ripple $125 million for institutional XRP sales, although the fine was later stayed.
The SEC's appeal of the decision has been met with disappointment by Ripple, according to Chief Legal Officer Stuart Alderoty, who stated that Ripple is evaluating whether to file a cross-appeal.
According to lawyer Fred Rispoli, the Second Circuit appeals court will likely rule on the case in January 2026 at the earliest.
The timeline for the appeal process includes:
1. Briefs from the SEC and Ripple (if filing a cross-appeal) due early next year
2. Responses to each brief due by March 2025
3. Oral arguments slated for September or October 2025
XRP's price has fallen 10.2% in the last 24 hours, currently trading at around $0.51.
Source - cointelegraph.com
