Amelie (@_Crypto_Barbie), a well-known cryptocurrency influencer on X, recently shared remarks from Ripple CEO Brad Garlinghouse regarding the SEC’s impact on XRP.
She attached a video of Garlinghouse from an interview, where he discussed XRP’s previous position in the market and how SEC regulatory actions affected the digital asset’s standing in the crypto space.
Garlinghouse pointed out that XRP’s valuation suffered significantly due to the SEC’s lawsuit against Ripple. He recalled that “before the SEC got involved in the crypto markets, XRP was the second most valuable digital asset ahead of ETH.”
He contrasted this with Ethereum’s trajectory, noting that ETH soared to its prominent position in the market because the SEC did not go after it. Meanwhile, XRP faced legal scrutiny, which hindered its growth.
Garlinghouse expressed concerns over how the regulatory agency handled the situation, arguing that the government should not select which cryptocurrencies succeed or fail. “This is not how our government is supposed to work,” he stated, emphasizing that markets should have a level playing field and equal opportunity for all participants.
However, Garlinghouse shared his belief that Ripple will ultimately prevail. Despite the difficulty of this prolonged legal battle, the company and the digital asset are closer to freedom than ever.
As Amelie pointed out, the Ripple lawsuit is nearing its end. Over the past few weeks, the SEC dismissed lawsuits against Coinbase, and Binance, and ended multiple crypto-related investigations. According to recent reports, Ripple is deep in negotiations with the SEC, and we could see a settlement soon.
XRP briefly held the second-largest cryptocurrency position in both 2014 and 2017. With the SEC case nearing its conclusion, some analysts believe the digital asset has a chance to reclaim this rank.
Over the past several months, many market experts have suggested that the resolution of the lawsuit could lead to a significant rally. Amelie’s post underlined this possibility, reinforcing the belief among XRP supporters that the asset’s valuation could surge once regulatory uncertainty is lifted.
Ethereum has been in XRP’s sights for a long time, and as popular crypto influencer Ben “Bitboy” Armstrong said in 2024, Ethereum can’t hide from XRP.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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