Just when you thought the four-year battle between Ripple Labs and the SEC was over, the conflict intensifies. Rippleā€™s top executives took to X (Twitter) to slam the SEC after the agency rejected a court ruling that XRP is not a security.

šŸ›‘ Ripple vs. SEC ā€“ The Showdown Continues

Stuart Alderoty, Rippleā€™s Chief Legal Officer, fired back at the SECā€™s defiance, disputing its stance that XRP is a security despite the recent court ruling. Rippleā€™s CEO, Brad Garlinghouse, didnā€™t hold back either, calling the SEC a ā€œrenegade agencyā€ for ignoring the legal verdict.

Ripple has had a rocky relationship with the SEC since 2012, quickly becoming a leader in cross-border payments thanks to its innovative decentralized consensus mechanism. But this success has come at a priceā€”years of relentless scrutiny from the SEC.

āš–ļø Ripple Gains Legal Ground

The tension escalated after a US District Judge Analisa Torres ruled in favor of Bitnomial, a crypto derivatives exchange, stating that XRP is not a security. Bitnomialā€™s challenge to the SEC was bold, arguing that XRP Futures contracts donā€™t qualify as securities. The courtā€™s decision was a victory not just for Ripple but also for XRP holders.

But despite the courtā€™s ruling, the SEC insists XRP remains a security. Rippleā€™s legal team wasnā€™t having itā€”Alderoty openly criticized the agency, calling its behavior illegal and a direct hit to its credibility. Garlinghouse echoed this sentiment on X, suggesting that the SECā€™s defiance shows it believes itā€™s above the law.

šŸ—£ The Industry Reacts

Rippleā€™s fight isnā€™t without support. Legal experts like John Deaton and Bill Morgan have criticized the SECā€™s tactics, questioning the agency's motives. Deaton pointed out that the Digital Licensing case reveals deeper issues with the SECā€™s regulatory approach, suggesting the agencyā€™s policy is on shaky ground.

šŸš€ Whatā€™s Next for XRP?

With Ripple Labs on the offensive and growing support from the crypto community, the stage is set for further confrontations with the SEC. As XRP remains at the heart of the debate, investors are watching closely to see how this battle unfoldsā€”and how it might impact the future of crypto regulation in the U.S.

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