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 <h2 id="ripple-plans-to-continue-fight-against-the-sec">Ripple Plans to Continue Fight Against the SEC</h2> 
 <p>Monica Long, president of Ripple, in an interview with CNBC, revealed that the company plans to continue the fight against the U.S. Securities and Exchange Commission (SEC). “We are planning to continue to fight the case all the way through,” said Long.</p>  
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 <p>The U.S. SEC v. Ripple Labs lawsuit has stretched for nearly three years after outgoing SEC Chair Jay Clayton decided to go ahead with the complaint, as well as pulling CEO Brad Garlinghouse and co-founder Chris Larsen in the case.</p> 
 <p>Judge Torres handed Ripple Labs and its executives a partial win in the lawsuit, stating that programmatic sales of <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> are not a security, but institutional sales are investment contracts. In fact, <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> in itself is not a security.</p> 
 <p>The SEC seeks an interlocutory appeal on the ruling, saying that the Howey test for securities proves it otherwise. Meanwhile, federal judges have called the SEC’s approach arbitrary, capricious, and hypocritical.</p>  
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 <p>In addition, Monica Long asserted that the ruling helped bring some clarity to the crypto industry and making Ripple expand its business globally. Ripple will continue to prove the SEC’s hypocrisy as it prepares for trial in 2024.</p> 
 <blockquote> 
  <p>“We also got clarity in that lawsuit. And the judge’s order in that case said very clearly <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> in and of itself is not a security, which kind of opens the doors to us to really expand our business — not just in the U.S. but even more globally.”</p> 
 </blockquote>  
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 <p>Ripple continues to expand <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>L and <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> use cases in cross-border transactions. It’s also used by some countries for its CBDC study and research.</p> 
 <p><strong>Read More: </strong>Ripple Is Now Hiring 80% Of Its Staff Outside the US, Is SEC to Blame?</p> 
 <h2 id="xrp-falls-below-support">XRP Falls Below Support</h2> 
 <p><a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> fell below the key support level of $0.50 amid selloffs due to uncertainty in the crypto market. It is down 6% in a week.</p> 
 <p><a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> price jumped 1% in the past 24 hours, but losing its earlier gains. The price trades at $0.47, with a 24-hour low and high of $0.471 and $0.484, respectively. CoinGape Media earlier reported a possible fall to $.42.</p> 
 <p><strong>Also Read: Binance.US Cuts Down Staff By 100 Positions Amid SEC Crackdown</strong></p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-president-makes-big-statement-on-ripple-vs-sec-lawsuit-tbt62523.html">https://thebittimes.com/ripple-president-makes-big-statement-on-ripple-vs-sec-lawsuit-tbt62523.html</a></p>

Ripple President Makes Big Statement On Ripple Vs SEC Lawsuit

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