Ripple CEO: SEC's New Stance Could End Legal Battle

Ripple CEO Brad Garlinghouse recently shared his perspective on the SEC’s regulatory stance, suggesting that the agency under its current leadership is moving away from the enforcement-driven policies of the previous administration. He acknowledged the impatience of many within the crypto community, noting that the SEC appears to be taking a different approach, signaling a potential shift in regulatory strategy.

Garlinghouse's statement sparked speculation about the potential resolution of the SEC v. Ripple lawsuit, which began in December 2020. Many see this as a sign that the prolonged legal battle could be approaching its conclusion. The crypto community responded with a mix of optimism and skepticism. Some, like X user JackTheRippler, framed Garlinghouse's statement as a major development, fueling optimism among XRP enthusiasts. Others, such as Kailas Worlds, expressed skepticism, questioning why there had been no official dismissal of the lawsuit.

TraderJoe struck a more optimistic tone, pointing out that the U.S. crypto market is expanding rapidly. He suggested that this regulatory shift could pave the way for greater institutional adoption of XRP. According to him, once the lawsuit is resolved, XRP could see a significant increase in usage and market activity.

Garlinghouse's remarks imply that the SEC may be re-evaluating its regulatory approach. The enforcement-heavy tactics of the previous administration have faced widespread criticism from industry leaders and policymakers. If the SEC is indeed adopting a more structured and transparent regulatory framework, this could be a welcome change for blockchain companies operating in the U.S.

For Ripple and XRP, the potential shift raises questions about the lawsuit's future. If the SEC truly intends to "move on quickly," as Garlinghouse hinted, this could mean an openness to resolving outstanding enforcement actions rather than prolonging them. However, no official confirmation has been provided regarding a resolution, leaving the community in anticipation.