Garlinghouse also asserted that US Congress should pay attention to the judge's ruling.
“For the SEC is really an overreach to suggest, as the Chair has said many times, that basically, everything in the crypto space is a security. Well, you now have a judge who is very clearly saying that is just not true and very clearly saying XRP is not a security on exchanges and all these different use cases, which I think helps the whole industry, for sure. This is a win for Ripple, it’s also a win for the entire crypto industry.
Hoping yesterday’s decision is the wake-up call that Congress needs. This ruling directly undercuts the SEC’s claims that nearly all tokens are inherently securities – likely to set a positive precedent for other digital tokens in the US.
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