Ripple challenges SEC in court, defending XRP and pushing back against the regulator’s appeal of a major ruling.
President-elect Trump’s Treasury pick sparks hope among Ripple supporters for clearer crypto rules and fairer business constrictions.
Ripple CEO’s "60 Minutes" feature highlights important problems as litigation struggles and governance transitions impact the future of digital assets.
Ripple CEO Brad Garlinghouse will appear on CBS’s "60 Minutes," which will bring Ripple’s activities and judicial difficulties into mainstream focus. The program comes as Ripple battles the U.S. Securities and Exchange Commission over XRP’s classification, while important management changes in U.S. financial organizations continue to shape the legislative landscape.
Ripple Pushes Back Against SEC Appeal
The legal fight with the SEC has intensified, as the regulator recently contests a court ruling declaring XRP not a security in secondary sales. Ripple filed a cross-appeal shortly after, signaling its determination to fight the allegations and defend its stance on cryptocurrency regulation.
https://twitter.com/AbsGMCrypto/status/1861175625664602574
The court has given the SEC until mid-January to finalize its appeal, adding urgency as SEC Chair Gary Gensler is set to step down around the same time. Ripple’s leadership has accused the SEC of inconsistently applying regulatory standards to digital assets, which they say has unfairly targeted XRP. The company continues to argue that XRP’s legal status could set a precedent for the broader cryptocurrency market.
Garlinghouse Questions SEC Leadership Candidate
Ripple’s CEO has strongly criticized Robert Stebbins, a candidate for SEC Chair, citing his past involvement in regulatory decisions that allegedly showed favoritism. Stebbins was connected to the controversial 2018 speech by William Hinman, where Ethereum was declared a non-security, which has since sparked debate within the industry.
Garlinghouse called Stebbins’ candidacy "unconscionable" and raised concerns over its implications for regulatory fairness and transparency. Ripple’s criticism reflects growing frustration across the cryptocurrency industry about regulatory inconsistencies and a lack of clear leadership to foster innovation while maintaining accountability.
Ripple Community Looks Ahead After Treasury Nominee Announcement
President-elect Donald Trump’s nomination of Scott Bessent as Treasury Secretary has been welcomed by Ripple’s CEO and the XRP community, who see it as a potentially positive development. Ripple’s ongoing projects, including its RLUSD stablecoin, await approval, and the community hopes Bessent will provide balanced oversight for the industry.
The timing of Garlinghouse’s appearance on "60 Minutes" aligns with these significant developments and could provide Ripple a unique platform to address its vision. While Ripple fights legal challenges and faces a rapidly shifting regulatory environment, the program is expected to bring much-needed clarity to the company’s role in cryptocurrency innovation.
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