Ripple CEO ‘Outraged’ by SEC over XRP Lawsuit – Time to Buy XRP?
Ripple Labs CEO Brad Garlinghouse has recently expressed his "outrage" at the US Securities and Exchange Commission (SEC) over the regulator’s lawsuit against Ripple.
In response to a user's tweet on Saturday, Garlinghouse lashed out at the SEC for suing the company, noting that there won't be any consequence to those who started it even if they prove to be wrong. He also claimed that the SEC's lawsuit was a show of power rather than a legitimate attempt to enforce the law.
"My outrage has grown as the litigation has unfolded," he said. "There is no recourse, there is no consequence to those that brought this lawsuit. The SEC’s pursuit of a policy objective isn’t about “a faithful allegiance to the law”. It’s about power."
Garlinghouse also mentioned there will be no "regard" for those affected by the SCE's actions, drawing attention to the agency's blatant lack of concern for individuals and companies that have been hurt by its approach
"There is no regard for those companies and people that this approach has harmed. We all should be outraged. The SEC has clearly forgotten that the government works for the people," he said.
Meanwhile, many inside the crypto community showed support for XRP while criticizing Ripple. Many also noted that there is vast upside potential for XRP in case Ripple wins the lawsuit.
The Finder panel, a gathering of in-industry experts, has said that XRP could surge as high as $3.81 by the end of 2025 if the company beats the SEC in the lawsuit, which represents an approximately 10x gain.
At the time of writing, XRP is trading around $0.4683, down by 3.42% over the past 24 hours. The coin is down by 87.84% from its all-time high of $3.84 recorded in January 2018 and up by more than 16,000% from its
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