Ripple CEO Brad Garlinghouse has firmly stated that the company will not support any legislation that risks undermining the legal clarity XRP achieved after its landmark victory against the U.S. Securities and Exchange Commission (SEC). In an interview with Crypto In America, Garlinghouse emphasized that XRP's status as a non-security, confirmed by a federal court ruling in July 2023, is a hard-won milestone following years of legal battles that cost Ripple $150 million.
Garlinghouse described XRP's regulatory position as unique and beneficial not only to Ripple but to the entire cryptocurrency industry. He warned that while the current administration provides a better environment, a future SEC chair could attempt new lawsuits. Ripple has made its XRP holdings transparent by publicly disclosing controlled wallets, a move Garlinghouse contrasted with other projects that resist such disclosures.
Amid ongoing regulatory discussions, Ripple has participated in high-profile meetings, including with the Senate Banking Committee and key industry players like Kraken and Coinbase, focusing on bills such as the Clarity Act and Responsible Financial Innovation Act. Concurrently, XRP's price has shown positive momentum, surging 12% in 24 hours to $2.5, with weekly and monthly gains of 5.3% and 3%, respectively. Analyst EGRAG Crypto predicts XRP could reach $50 if it breaks the $10 resistance level.
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