Ripple emerges victorious in XRP lawsuit against the SEC


Ripple has won the lawsuit against the United States Securities and Exchange Commission (SEC). The crypto industry is ecstatic, including Ripple’s CEO, Brad Garlinghouse. On Twitter, the CEO shared what was most important to him in the lawsuit.

Ripple has won the lawsuit against the SEC, making history in the crypto industry. In December 2020, the lawsuit was filed against the company, alleging that Ripple was selling securities without a license in relation to their cryptocurrency, XRP. CEO Brad Garlinghouse and Chris Larsen were also named in the lawsuit.

The judge, Analisa Torres, ruled that XRP was not a security in the secondary market, such as on exchanges. However, she did find that Ripple violated the law by engaging in direct sales to hedge funds and investors. In other words, Ripple’s Initial Coin Offering (ICO) was in violation of the law, but the sales on exchanges were not.

This is fantastic news for the accused CEOs as it means that the charges against them will be dropped. Brad Garlinghouse responded on Twitter:

By: Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts


About us

EconomicInform, is a product of EconomicInform LLC. We sincerely believe that economics is one of the most interesting and most underappreciated – in terms of getting some enjoyment out of reading the subject articles – sciences. More on that - at the link. Feel free to drop us a line.