Ripple Chief Executive Officer Brad Garlinghouse said XRP now has legal clarity after the company’s four-year court fight with the U.S. Securities and Exchange Commission. He pointed to a federal judge’s ruling that XRP itself is not a security. Garlinghouse said that outcome makes the position around XRP clear, but added that Ripple does not see the issue as settled for the broader market. According to his remarks, the company’s view is that the crypto industry as a whole still needs regulatory clarity. The comments were carried by Techub News, citing CoinPedia.
Ripple Chief Executive Officer Brad Garlinghouse said XRP has gained legal clarity following the company’s four-year lawsuit with the U.S. Securities and Exchange Commission, with a federal judge ruling that XRP itself is not a security.
"It is clear for XRP," Garlinghouse said. He added that this is still not enough, and said Ripple’s position is that the broader crypto industry needs regulatory clarity as well.
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