- Battle between the U.S SEC and Ripple intensifies.
- The CEO of Ripple refuses to surrender and fights against the SEC to prove XRP is legit.
- The CEO compares XRP to Ethereum, oil and gold.
By the passing of each day the dispute and war between the Ripple and the SEC gets intensified, day by day. Moreover this legal battle has been going on since December of 2020. Besides, last month the battle got even more serious as both started legal cases against each other. And so, now the case is with the New York jurisdiction court.
Furthermore, just last week the court rejected Ripple’s request for SEC employees’ crypto transaction history. This request by Ripple, is in order to prove that XRP is harmless as SEC employees themselves would have for sure invested upon it. In addition, the overall court’s decisions are in terms of supporting the U.S Securities Exchange (SEC).
Moreover, the CEO of Ripple, Brad Garlinghouse vented out his views in a recent interview to Fox Business.
The CEO’s Views
Upon the interview, the CEO of Ripple, Brad Garlinghouse states openly that they are looking towards a concrete path to the future with the SEC. In addition, the CEO states that they are actually willing to be on good terms with the SEC.
However, Garlinghouse states Ripple would never settle down with the SEC until or unless SEC gets a clear image of the truth behind XRP.
In spite of all this, it’s clearly evident that the CEO is extremely confident over their native coin,the XRP.
Comparisons of XRP
Apart from this, the CEO compares XRP to Ethereum (ETH) stating that both are similar and the only way in which XRP differs is on the basis of its incomplete ledger.
In addition to this, Garlinghouse states that XRP is nothing different from the usual commodities. Accordingly, he states that XRP is the same as the usual commodities of trade like oil and gold.
Price of XRP
The start of the month saw a steady rise in the price of the XRP. The price rose to about $1.50 , the highest for the month.
However, the rise was short lived, as for the past few days the prices drifted down drastically. And so, now at present the price of XRP stands at $0.938 at the time of writing.