{"id":144342,"date":"2024-12-09T21:00:51","date_gmt":"2024-12-09T19:00:51","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144342"},"modified":"2024-12-09T14:48:31","modified_gmt":"2024-12-09T12:48:31","slug":"ripple-ceo-slams-sec-and-media-coverage-reveals-150m-legal-battle-over-xrp","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ripple-ceo-slams-sec-and-media-coverage-reveals-150m-legal-battle-over-xrp\/","title":{"rendered":"Ripple CEO Slams SEC and Media Coverage, Reveals $150M Legal Battle Over XRP"},"content":{"rendered":"
In a candid interview on CBS\u2019s 60 Minutes, Garlinghouse disclosed<\/a> <\/strong>that Ripple has spent over $150 million defending itself against allegations that its cryptocurrency, XRP<\/a><\/strong>, constitutes an unregistered security. He placed much of the blame for this drawn-out conflict on SEC Chairman Gary Gensler, accusing him of leading a broader \u201cwar on crypto.\u201d<\/p>\n Garlinghouse expressed frustration over the SEC\u2019s stance, stating that he never considered XRP to be a security and questioned the basis of the agency\u2019s actions. The CEO also underscored that Ripple\u2019s legal battle has far-reaching consequences for the entire crypto sector.<\/p>\n To address what he sees as an unfair regulatory environment, Garlinghouse pointed to the formation of Fairshake, a political action committee (PAC) established in 2023 by Ripple and other industry leaders. This group, according to Garlinghouse, was a direct response to Gensler\u2019s policies, which he argues are harmful to innovation and clarity within the crypto industry.<\/p>\n