- Ripple’s legal team criticized the SEC’s refusal to delay its appeal hearing, calling it a misuse of taxpayer funds.
- XRP surged 15.8% in 24 hours, reaching $2.99, despite ongoing legal battles with the SEC.
- Ripple contributed $25M to pro-crypto advocacy in 2024, aiming to influence a more favorable regulatory environment.
The SEC leadership is set to change on January 20, yet the agency is pushing ahead with its enforcement actions. Ripple‘s legal and executive teams, however, remain vocal and confident about the future.
Ripple Fights Back Amid SEC Appeal
Ripple’s Chief Legal Officer, Stuart Alderoty, criticized the SEC’s refusal to delay its appeal hearing despite an imminent change in leadership under the incoming Trump administration. Alderoty labeled the decision a waste of taxpayer money, believing the new administration will bring an end to the “war on crypto” at the SEC.
XRP Price Surges Despite Legal Battles
Ripple-linked XRP has defied legal challenges, surging to $2.99 (and briefly surpassing $3 on Coinbase), reflecting a 15.8% price increase in just 24 hours. Investors remain undeterred, despite ongoing legal uncertainties surrounding Ripple’s institutional sales of XRP and its compliance with securities laws.
Ripple’s Push for Pro-Crypto Advocacy
In a proactive move, Ripple contributed $25 million in 2024 to the Fairshake PAC, supporting pro-crypto candidates. CEO Brad Garlinghouse criticized SEC Chairman Gary Gensler for sticking to a “failed regulation-by-enforcement agenda,” expressing optimism that upcoming leadership changes will usher in a more crypto-friendly regulatory environment.
With legal challenges ongoing but momentum shifting in Ripple’s favor, the company and its community appear determined to reshape the regulatory landscape for the crypto industry.
