In just a few minutes, the image of Brad Garlinghouse posing in front of the SEC headquarters with Ripple (XRP) General Counsel Stuart Alderoty went viral within the crypto community. The photo appears to highlight ongoing tensions between Ripple and the SEC.
In short
- Bard Garlinghouse publishes a photo which very well illustrates the Ripple VS SEC affair
- The future of XRP remains uncertain
The photo in front of the SEC says a lot about the Ripple VS SEC affair
On September 20, Brad Garlinghouse posts a photo in front of SEC headquarters. On the picture we see the CEO of Ripple (XRP) with Stuart Alderoty, the general counsel of the crypto company. Both shrug their shoulders while displaying an enigmatic look.
This photo quickly went viral, sparking massive interest from the crypto community. In fact, the image has accumulated nearly 9,000 likes and more than half a million views just a few hours after its publication on the X platform (formerly Twitter).
For several members of the crypto community, the seemingly innocuous gesture of the CEO of Ripple (XRP) symbolizes ongoing legal tensions and disputes between Ripple and the SEC.
Despite a first victory, the future of Ripple’s XRP crypto remains uncertain
Even today, the question is whether Ripple’s crypto XRP should whether or not to be considered a financial security.
Judge Torres recently ruled in favor of Ripple, saying that the sale of XRP on crypto exchanges does not amount to investment contracts. In other words, Ripple does not in any way violate the securities laws of the United States. But as expected, the SEC has appealed against the crypto company Ripple (XRP). The crypto regulator is pleading today for stricter classification of XRP as a financial security.
Legal experts and analysts also present divergent opinions on this subject. According to some, the judge’s decision is a step towards clearer crypto regulation. Others believe that it does not completely resolve the issue.
Result: the future of Ripple’s XRP remains uncertain. According to current crypto prices, it is trading around $0.52.
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