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Brad Garlinghouse: Huge Win for XRP Today, You Should Be Paying Attention to Ripple-SEC Lawsuit Now

Brad Garlinghouse, the CEO of Ripple, has recently reacted to the latest development in the ongoing lawsuit between Ripple, the San Francisco-based cross-border payment firm, and the United States Securities and Exchange Commission (SEC).

In reaction to the update shared by the general counsel at Ripple, Stuart Alderoty, about the latest development in the ongoing case, Garlinghouse said he’s confident that the filings against him, Chris Larsen, and Ripple will eventually be dismissed.

Read Also: CryptoLaw Founder Shares 16 Facts That Prove the Case Will End In Favor of Ripple and XRP

In a tweet a few hours ago, Alderoty said an order from the court today has made it clear that there is a serious question on whether the SEC ever provided Ripple with fair notice that its sales of XRP since 2013 would ever be prohibited under the securities law.

Stuart Alderoty tweeted, “Today’s order makes it clear there’s a serious question whether the SEC ever provided Ripple with fair notice that its distributions of XRP – since 2013 – would ever be prohibited under the securities law.”

Huge Win for XRP, Says Ripple’s Brad Garlinghouse

Reacting to the new order from the court shared by Ripple’s general counsel, Brad Garlinghouse said, “If you weren’t paying attention then, you should be now. Huge win for Ripple today!”

Read Also: Rumors Spreading That Ripple-SEC Lawsuit Has Ended In Settlement; Ripple CEO’s Comments Give Hints

Garlinghouse further stated that he’s confident that the filings against him, Chris Larsen, and Ripple will eventually be dismissed:

“And while we would have preferred the cases against Chris and me to end now, the SEC must now prove its claims. We are confident that ultimately all of them will be dismissed.”

SEC Commissioner Doubts SEC’s Capability to Win Ripple

XRP community started to get hints about Ripple’s possible victory after it was revealed by a Fox journalist named Eleanor Terrett that the SEC commissioner, Hester Peirce, has privately stated that she thinks the SEC will not get the desired outcome.

Eleanor said she got the information from a source close to the U.S. regulator.

Eleanor Terrett tweeted, “SCOOP: Turns out even staff at the SEC aren’t confident they will win the case against Ripple. A source close to the SEC tells me Hester Peirce has expressed privately she thinks the SEC will not get the outcome it’s looking for.”

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Over the past weeks, there were lots of speculations in relation to the lawsuit. However, with the latest development, the case could come to an end earlier than expected.


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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