Did Ripple Really Win XRP Lawsuit If It Paid $125M Fine? Lawyer Fires Back at CEO
The post Did Ripple Really Win XRP Lawsuit If It Paid $125M Fine? Lawyer Fires Back at CEO appeared on BitcoinEthereumNews.com.
Ripple CEO Brad Garlinghouse’s claim of victory in the long-running XRP lawsuit has ignited controversy, with former SEC lawyer Marc Fagel offering a more measured perspective. While Garlinghouse argued that Ripple finally won the case, Fagel criticized, citing the $125 million penalty. SEC Lawyer Disputes Ripple’s Victory Claim in XRP Lawsuit During a Senate hearing on Wednesday, Brad Garlinghouse recounted Ripple’s tumultuous journey through the XRP lawsuit, arguing that they finally emerged victorious. His statement read, “Thankfully, after four years of legal battle, we prevailed.” However, former SEC lawyer Marc Fagel has questioned Garlinghouse’s victory claim, citing Judge Torres’ ruling. He pointed out that the ruling wasn’t entirely in Ripple’s favor, highlighting the $125 million penalty imposed on the company. In an X post, Fagel wrote, “We prevailed”… aside from where the court found we illegally raised hundreds of millions of dollars through unregistered securities sales, enjoined us from further violations of the law, and penalized us $125 million. This update follows Marc Fagel’s recent comments downplaying speculation about a potential Ripple case settlement after today’s SEC meeting. It is noteworthy that Fagel’s latest statement has sparked further debate within the XRP community. His criticism of Garlinghouse’s claim of the Ripple case win has faced backlash from the community, with many deeming it a biased approach. Despite being labeled a Bitcoin maximalist, he denied the claim, adding, I’ve never owned any crypto. Sorry. Why does it bother you that I just stated some obvious facts?… I’m just stating facts. They’re not subject to debate. Ripple Lawsuit Victory a Crucial Win for Crypto, Says Garlinghouse As CoinGape reported yesterday, Garlinghouse remained vocal about the XRP lawsuit during the Senate testimony. The Ripple CEO noted, “Ripple was the first leading U.S. crypto company to be sued by the SEC. We and many others…
Filed under: News - @ July 10, 2025 1:22 pm