Brad Garlinghouse: It cost Ripple $100 million to date to fight SEC
With the cryptocurrency sector still waiting for the final conclusion of the court standoff between the United States Securities and Exchange Commission (SEC) and Ripple, the blockchain company’s CEO has shared his thoughts on the case so far and the possible outcome. Indeed, Brad Garlinghouse said that he was optimistic about the case despite the financial drain on his company, which has spent over $100 million fight ing a government agency with unlimited resources, as he told Bloomberg’s Annabelle Droulers in an interview on the sidelines of Asia’s largest crypto event, TOKEN2029, published on September 13. According to him: “You have a government that has unlimited resources to keep fight ing a fight they’re already lost, but there’s no recourse. For Ripple, we’ve obviously spent well over $100 million already defending this case, and we are very optimistic. The judge has already said very clearly that XRP is not a security.” On SEC’s appeal Cryptocurrency R...