Ripple CEO states, 'Just as losing to XRP, ETH will also emerge victorious

Ripple's CEO, Brad Garlinghouse, has voiced confidence in Ripple's legal battle against the U.S. Securities and Exchange Commission (SEC), drawing parallels between the ongoing case and the SEC's previous confrontation with Ethereum. The prolonged legal dispute, which has persisted since 2020, recently reached a pivotal juncture with proposed remedies awaiting approval.

Ripple's Proposal for Sealing Sensitive Financial Information Raises Market Sentiment Concerns Amid Regulatory Uncertainties

A joint sealing proposal, submitted to Judge Analisa Torres on March 19, seeks to shield sensitive information pertaining to Ripple's finances and XRP sales. If accepted, this could impact market sentiment, as crucial details remain undisclosed. Despite regulatory uncertainties, XRP's market trajectory remains positive, with the cryptocurrency trading at $0.6214, reflecting a 1.2% increase over the past week.

Brad Garlinghouse Lambasts SEC's Adversarial Stance, Citing Legal Setbacks and Conflicts with Regulatory Peers

Brad Garlinghouse criticized the SEC's stance, highlighting its unsuccessful legal battles and conflicts with fellow regulators like the Commodity Futures Trading Commission (CFTC). He suggested that the SEC's adversarial approach may lead to a similar outcome as the XRP case, wherein the regulatory agency faced setbacks in court.

XRP Supporters Remain Positive Amid Regulatory Ambiguity and Anticipation for Bitcoin Halving, Ripple's Focus on Institutionalizing Cryptocurrencies Highlighted

Amid regulatory ambiguity, positive sentiment prevails among XRP supporters, buoyed by ongoing developments and anticipation surrounding the Bitcoin halving. Ripple's president, Monica Long, underscored the significance of 2024 in institutionalizing cryptocurrencies, emphasizing Ripple's commitment to bridging traditional finance with the crypto space.