Ripple SEC Case Update and Implications

provide. Is the entire case over?

So this provides a lot of a s- uh, certainty for Ripple, uh, for frankly me

personally, 'cause the SEC had sued me.

The SEC has abandoned their appeal, and so, uh, we...

They filed suit in December of 2020.

We won on the key parts of the case in the summer of '23.

Uh, Judge Torres made a ruling that XRP in and of itself

was not a security.

That's almost a verbatim quote. The SEC, uh, filed an appeal about eight

months ago, and what they've now agreed is that they're going to drop that appeal.

We still have a cross-appeal pending, and so we go from being defendant really

to

plaintiff. So we now are in the driver's seat to determine how

we want to proceed.

Uh-

Are you dropping it?

We're gonna see. We, we... It feels a lot better to be on the offense

than the

defense. You know, four years, we spent over $150 million defending

that case,

not just for Ripple, but for the whole industry.

I think it was really important that this SEC, the Gensler SEC,

was really trying

to bully and continue law fare, filing lawsuits and lawsuits

and lawsuits against

crypto companies. That's over now, and I think that's great for the US crypto

industry, and frankly great for crypto at large.

I mean, to that end, if you're looking at a new SEC,

why not drop the case at this

point?