According to Odaily, Ripple CEO Brad Garlinghouse recently shared his thoughts on the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) via a post on the X platform. Garlinghouse highlighted July 13, 2023, as a significant day for Ripple and the broader cryptocurrency industry. He emphasized the importance of standing up against those who harass and engage in unlawful actions against the industry. Garlinghouse expressed confidence in Ripple's legal stance, asserting that they are on the right side of both the law and history.

Over the past year, SEC Chairman Gary Gensler has intensified the agency's efforts against the cryptocurrency sector. Garlinghouse criticized these actions, arguing that the SEC's approach, which includes unsuccessful lawsuits, misleading statements, defamation, and intimidation, is misguided. He firmly believes that these tactics will not succeed in stifling the growth and development of the technology and the industry. Garlinghouse reiterated that the SEC's stance was incorrect in the past and remains incorrect today.