Ripple CEO Brad Garlinghouse Calls SEC a ‘Bully’ Fresh Off XRP Token Ruling

Judge said XRP is not a security when sold on exchanges
XRP has been relisted on some exchanges after decision

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By Olga Kharif and Matthew Miller

July 14, 2023 at 6:44 PM UTC

This article is for subscribers only.

Ripple Labs Chief Executive Officer Brad Garlinghouse said that a federal court decision Thursday means that its crypto token XRP “is not a security,” giving the digital-payments company more freedom to pursue various business opportunities.

Speaking on Bloomberg TV, Garlinghouse said the ruling means he no longer has to worry about promoting the various use cases for Ripple and its technology. Ripple is used in cross-border payments and in implementing central bank digital currencies, and 95% of its customers are located outside of the US, he said.