Ripple CEO Brad Garlinghouse believes the crypto industry will win the fight against the U.S. Securities and Exchange Commission (SEC). In a recently uploaded video, Garlinghouse noted that the best technologies always win in the long run.
🚨BREAKING: Brad Garlinghouse says that he is very confident that the SEC is about to lose the case against @Ripple! #XRP pic.twitter.com/7er2mtfJh5
— JackTheRippler ©️ (@RippleXrpie) May 11, 2024
According to the Ripple CEO, the SEC’s efforts to curtail crypto activities will fail in the long run. He noted that what the SEC is doing in its fight against crypto is nothing compared to the industry’s continued multi-decade growth.
Furthermore, Garlinghouse highlighted his optimism about the future of crypto, noting that all the current happenings will look pale with the industry’s development twenty years from now. He believes users will measure the crypto market in many trillions in the future, noting that it is an industry that will change how transactions work. According to the Ripple Chief, cryptocurrencies reduce friction and cost, making things more efficient.
The SEC’s fight against the crypto industry remains a significant occurrence surrounding the sector. The commission’s legal battle with Ripple represents one of many lawsuits and regulation attempts the SEC is pursuing.
Many users believe the commission’s legal battle with Ripple is nearing a conclusive end, following recent filings by both parties. However, Garlinghouse’s position is that no matter the outcome of current events, the crypto industry will naturally overcome the challenges and thrive above all obstacles.
Apart from Ripple, the SEC is entangled in other disagreements with crypto establishments, including top crypto exchanges like Binance, Coinbase, and Kraken. Earlier this week, Kraken filed a motion asking the court to dismiss the SEC’s case against it, citing inappropriate wording in the latter’s submission.
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