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Ripple CEO to XRP Holders: 74% of You Were Right
By Solomon Odunayo June 29, 2025
As the years-long legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) draws to a close, Ripple CEO Brad Garlinghouse has publicly acknowledged the instincts of the XRP community. In a recent statement, Garlinghouse confirmed that the 74% of over 5,000 respondents who voted in Digital Assets Daily’s poll that Ripple would end the case were correct.
In his tweet, Garlinghouse tweeted: “the 74% of you that clicked ‘End the case’ were right!”
The Recent Background of the Lawsuit
On June 26, Judge Analisa Torres rejected the joint motion filed by Ripple and the SEC, which sought to settle the case with a reduced $50 million penalty and the removal of the permanent injunction on Ripple’s institutional XRP sales. The court refused to approve the proposed terms, leaving the original $125 million penalty and injunction intact.
This ruling left Ripple with two options: continue with its appeal or withdraw it entirely and allow the existing judgment to stand, effectively ending the case. Digital Assets Daily presented these two paths to the community and asked for their prediction, resulting in 74% of respondents voting that Ripple would end the case. Following the court’s decision, Garlinghouse confirmed the poll results by announcing that the company has dropped its appeal.
A Turning Point for Ripple
This moment marks a critical turning point for Ripple, as it marks the end of a protracted legal battle spanning over four and a half years. The court’s rejection of the joint motion underscores that even when both parties agree to settle, the prior finding of a likely ongoing violation of securities laws justified the injunction.
Ripple will now move forward under the court’s terms and refocus on its core business. Garlinghouse had previously mentioned that the company would prioritize building the Internet of Value using XRP, which is central to their goal with the digital asset.
Disclaimer: This content serves informational purposes only and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk.
Source: timestabloid.com
