Gary Gensler's SEC Appeal and its Impact on XRP: Ripple CEO Speaks Out
Thursday, 3 October 2024, 01:23
Gary Gensler's SEC Appeal and XRP Price Drop
In a surprising move, the US Securities and Exchange Commission has announced an appeal against Judge Analisa Torres' ruling regarding Ripple's XRP. This decision has sent XRP prices tumbling, raising alarms among investors.
Brad Garlinghouse's Reaction
Ripple CEO Brad Garlinghouse responded to the SEC's appeal with a statement filled with frustration, labeling the situation as 'infuriating.' His comments highlight the ongoing struggles Ripple faces against the regulatory body led by Gary Gensler.
Market Reactions
- XRP price saw a sharp decline following the SEC appeal announcement.
- Investor sentiment is increasingly wary of regulatory headwinds.
- The legal proceedings are now a central focus for Ripple and its stakeholders.
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