Is the Ripple vs. SEC lawsuit going exceedingly well for Ripple? Ripple CEO Brad Garlinghouse is increasingly optimistic that the long-running case with the United States Securities and Exchange Commission will deliver a favorable outcome. The stakes are incredibly high. As CEO Brad Garlinghouse from Ripple describes, the case represents the first major “crypto war.”

The lawsuit stemmed from allegations that Ripple's XRP was an unregistered security. The Ripple case separated the crypto world. The initial impact was devastating, with XRP losses estimated at a massive $15 billion. The agency argued that Ripple's sales of XRP constituted investment contracts, therefore requiring registration with the SEC.

In 2023, Ripple notched a partial victory: a federal judge ruled that XRP wasn’t a security when sold to retail investors, but was when sold to institutions. This partial victory was celebrated by Ripple, but the fight is far from over. The SEC still pursues claims related to institutional sales, and the implications for the broader crypto market remain significant.

Garlinghouse’s optimism suggests Ripple believes they have a strong defense against these remaining claims. He and the Ripple legal team likely see the previous ruling as a foundational win, setting a precedent against classifying XRP as a security in all circumstances. Keep up to date with the latest developments as the case continues to unfold.