- Ripple’s CEO will address crypto law challenges and Ripple’s criminal case with the SEC on ’60 Minutes.’
- XRP’s price surged recently due to political changes and optimism about supportive crypto policies in the U.S.
- The interview may offer vital updates on Ripple’s compliance strategy and the future of virtual currencies under new leadership.
Brad Garlinghouse is set to appear on CBS’s “60 Minutes” on December 8 to discuss legislation and its ongoing civil case against the SEC. His interview comes as the business continues to push for clearer rules to govern digital assets in the United States.
Ripple’s Legal Struggles Against the SEC
The organisation has been in a high-profile regulatory disagreement with the SEC since 2020 when the agency accused the company of selling XRP as an unregistered security. A federal judge ruled earlier this year that the coin was not a security when sold on secondary markets, which was a major win for Ripple and the global crypto industry.
The SEC, however, appealed parts of the ruling, which leaves the case unresolved and keeps the community uncertain about future regulations. Garlinghouse is expected to provide updates on Ripple’s strategies to navigate the continuing constitutional obstacles and ensure compliance with U.S. law.
Many company leaders have criticized the SEC’s actions, calling its approach too restrictive for fostering blockchain innovation in the country. Ripple’s case has become a symbol of the larger regulatory fight in the crypto space, where clarity remains elusive.
XRP Price Gains Amid Political Shifts
The firm’s native token XRP has seen a notable increase in value, climbing nearly 39% between November 27 and December 1. This rally happened alongside political developments in the United States, where Donald Trump’s election victory has created optimism for more crypto-friendly policies.
Reports suggest that Trump, known for his support of cryptocurrencies, met with Garlinghouse after the election. This news, along with speculation that SEC Chair Gary Gensler will resign under the new administration, boosted confidence in Ripple and helped XRP hit $2.82 on December 3, its highest level in years.
These developments raise critical questions about how political changes might impact crypto regulations and Ripple’s legal battle moving forward.
Ripple’s Growing Role in Shaping Crypto Rules
Its ethical journey reflects the ongoing struggles of the crypto sector to achieve regulatory certainty in the United States. Many hope Garlinghouse’s ’60 Minutes’ conversation will offer valuable insights into Ripple’s plans for the future and the broader implications for cryptocurrencies.
With the token gaining momentum and regulations remaining unclear, Ripple’s actions are closely watched as they could influence the future of the crypto industry in the country.
