Ripple CEO's statement: "We will fight"

Ripple CEO Brad Garlinghouse announced that they will fight against the SEC's new move.

Ripple, which has been fighting the SEC for years, is about to enter a new process. According to the statements made, the US regulator is appealing the case it lost against Ripple. A lawyer thinks that the lawsuit processes after the SEC's bait move could last until early 2026.

Garlinghouse made statements about the SEC's appeal notice. Ripple's CEO said, "They still haven't gotten the message: they've lost everything that matters."

The allegations that Ripple created unfair competition and sold securities have heated up the agenda again. The US regulatory agency SEC announced that it will appeal the decision of the district court in the case it filed against Ripple. The move in question was interpreted as "the SEC's failure to accept Ripple's victory."

Criticizing SEC Chairman Gary Gensler, Garlinghouse noted the following;

“If Gensler and the SEC were rational, they would have closed this case a long time ago. This case certainly did not protect investors and instead damaged the credibility and reputation of the SEC.”

Stating that Ripple will continue its legal fight against the SEC, Garlinghouse stated that the appeal decision will not change Ripple’s victory.

New York District Court Judge Analisa Torres ruled in July that Ripple did not sell securities and ended the case in Ripple’s favor. Nevertheless, Torres gave the green light to the SEC by ruling that the sale of XRP to institutional investors must comply with securities laws. The US regulator appealed the court’s decision based on Torres’ institutional securities decision.

Garlinghouse said the following;

“Although we will fight in court as long as we need to, let’s be clear: XRP is not a security under US law.”

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