Ripple CEO Brad Garlinghouse confirmed that the U.S. Securities and Exchange Commission will not pursue further appeals in its long-running case against the company, marking the end of a four-year legal battle.
What Happened: “The case is over,” Garlinghouse announced, describing the outcome as a “victory” and labeling the SEC’s lawsuit as a failed attempt to stifle the crypto industry.
“Ripple is the first company with the resources, determination, and grit to fight back against the agency’s overreach,” he said.
Garlinghouse accused the SEC of engaging in what he called a “war of legal terror,” arguing that the agency’s lawsuit caused $15 …
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