dreamers
@dreamers
On Wednesday, Oct. 2, the XRP community was shaken by the SEC's decision to appeal the Ripple case. The development was commented on by many prominent figures in the crypto industry, with Ripple CEO Brad Garlinghouse among the first to share his take. In a recent X post, Garlinghouse wrote that the SEC and its chair Gary Gensler should have moved on from their case against Ripple, as it has not protected investors and has damaged the agency's reputation. Calling the appeal "infuriating" and "misguided," the Ripple boss stated that his company would fight in court "as long as it needs." Meanwhile, the SEC is yet to specify what exact issue it plans to appeal, leaving open the possibility that it might challenge the July 2023 ruling that distinguished institutional sales from programmatic sales. The agency could also choose to appeal the final judgment issued by the court in August.
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