Ripple CEO Brad Garlinghouse commented on the SEC's lawsuit, stating that Ripple has spent over $150 million in legal fees. If the SEC's lawsuit ultimately appeals to the Supreme Court, Ripple will also fight to the end with the SEC.
In addition, Garlinghouse believes that the SEC's stance on cryptocurrency is the main obstacle to the development of the industry. Although the United States continues to express hostility towards cryptocurrencies, other countries including Japan, Switzerland, Australia, and the United Kingdom have established clear regulatory frameworks to help the industry flourish. Despite this, Garlinghouse believes that the United States still has the potential to become a global leader in the cryptocurrency field.
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Ripple CEO: The company has spent more than $150 million in legal fees and will fight the SEC to the end if it appeals
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