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Ripple CEO Brad Garlinghouse Claims SEC's Recent Ruling is a Complete Loss, Not a Split Victory

Ripple CEO Brad Garlinghouse has stated that the recent court ruling was a complete loss for the SEC and not a split victory, despite rumors of potential fines by Ripple to settle the part of the SEC case it lost. Garlinghouse emphasized that the case was about establishing the non-security status of XRP, and in this regard, Ripple won and the SEC lost. The federal court decision on Thursday ruled that XRP is not a security, which was seen as a huge win for Ripple and the crypto industry. The Court will ultimately decide whether or not to impose any penalties, not the SEC.

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