• XRP’s price spiked by 14% recently, showing renewed shareholder confidence.  
• Ripple’s conflict with the regulatory board has cost the company over $150 million.  
• Garlinghouse believes clearer laws will help XRP’s future growth.

Brad  addressed XRP’s recent price surge and discussed the firm’s court struggle with the U.S. Securities and Exchange Commission. In a video shared by Altcoin Daily, he  reflected on the token’s rise, noting it had once surpassed Ethereum in market value before the SEC filed a lawsuit against Ripple in 2020. Despite these proceeding constitutional battles, he continues to remain hopeful about XRP’s destiny and its prospects.

Legal Struggles with the SEC  

Ripple’s constitutional fight with the SEC started in 2020 when the agency alleged the company of offering XRP as an unregistered security. This lawsuit greatly influenced the  price, causing a major decline in its  value. The organisation has spent over $150 million defending itself against  claims, yet the CEO is confident about them  resolving the case in their favor. He stated that the legal challenges have been disruptive but have not stopped Ripple from continuing its operations.

Although the lawsuit created uncertainty for XRP holders, Ripple remains determined to continue defending itself. Garlinghouse believes that once the case is resolved, it will open doors for Ripple to thrive again.

Ripple’s Political Outreach and Future Prospects  

The organisation has also engaged with legislative figures to influence the regulatory environment for XRP. Garlinghouse recently confirmed a meeting with President elect  Donald Trump. While the details remain unclear, this meeting has sparked conversations about its  approach to secure a favorable legislative situation in the U.S.

The firm’s chair has stated that Ripple’s outreach to political figures is part of a larger strategy to ensure the coin’s success. The business is working hard to navigate the challenges it faces and position itself for growth in the future.

The post Ripple CEO Talks XRP’s Surge and Legal Challenges Amid SEC Fight appeared first on Crypto News Land.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed