Ripple CEO Brad Garlinghouse has recently dedicated an award to the XRP community for their unwavering support at a critical time in the company’s history.
When the U.S. Securities and Exchange Commission (SEC) came knocking on Ripple’s door in late December 2020, the crypto company made it clear it was going to fight to the last to prove that its XRP token was not a security. However, that fight, which the company has largely won at this point, would not have been possible without the backing of its loyal community.
Ripple CEO Brad Garlinghouse has acknowledged the community’s effort on several occasions, notably including throwing a “proper party” to celebrate the company’s July victory against the SEC. Yet again, Garlinghouse has expressed his gratitude to the XRP army by dedicating a recent award to the community.
The Ripple CEO was named one of crypto’s most influential figures for the year. The victory was largely a result of Ripple’s court win, which many believe sets a precedent for the cryptocurrency space.
However, Garlinghouse was quick to share the win with the XRP family. He wrote in an X post that the award should be given to him and the entire XRP army.
“2023 Most Influential award should be given not just to Garlinghouse, but also the entire XRP Army."
I couldn't agree more!
— Brad Garlinghouse (@bgarlinghouse) December 4, 2023
Beyond vocally defending Ripple and XRP on social media, some in the community went the extra mile. Around 75,000 investors joined a separate lawsuit against the SEC, affirming that they did not believe XRP to be a security. That separate case was led by crypto-focused lawyer John Deaton and deserved extra praise, as some in the XRP community noted.
Ripple Seeks to Close Chapter on SEC Case
As the possibility of a settlement with the SEC becomes increasingly likely, Ripple seeks to close the chapter on this part of its history. In a recent fireside chat, Brad Garlinghouse claimed that the SEC has already “lost on everything that matters” in the landmark lawsuit.
He expressed optimism that the SEC would not escalate the appeal process, which would exacerbate the regulatory body’s losses. Meanwhile, he urged the U.S. government to follow the steps of other countries that are already providing regulatory clarity to crypto companies.
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