Ripple CEO Blasts SEC Appeal as ‘Insanity’ – What’s Next for XRP?

Several sources report that the SEC is fighting back in court over XRP. A number of observers say Ripple CEO Brad Garlinghouse thinks this is crazy. According to him, they’re just doing roughly the same failed moves again. Some analysts note that the SEC wants to change various parts of the court’s earlier XRP ruling, while quite a few traders watch XRP’s price go up.

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Ripple vs SEC: What This Appeal Means for XRP and Crypto Markets

The SEC’s New Move

One definition of insanity….

Doing the same thing over and over and expecting different results. Gensler’s SEC really took this to heart. https://t.co/giV8GiW6qV

— Brad Garlinghouse (@bgarlinghouse) January 16, 2025

Currently, the SEC is fighting about multiple aspects of XRP sales on exchanges. Many experts note they accept that XRP itself isn’t a security. Ripple CEO Garlinghouse put it simply: “One definition of insanity….Doing the same thing over and over and expecting different results. Gensler’s SEC really took this to heart.”

What Lawyers Think

Several legal experts, including lawyer Jeremy Hogan, looked at some of the SEC’s papers: “I honestly found the brief lackluster – almost as though the drafter knew he was wasting his time. For example, almost half the brief was spent just reiterating what the trial court ruled.”

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Ripple CEO Fights Back

According to approximately half of analysts, Ripple’s lawyer Stuart Alderoty thinks certain changes are coming: “As expected, the SEC’s appeal brief is a rehash of already failed arguments –and likely to be abandoned by the next administration.” Various reports show Ripple is filing its own appeal.

What’s Happening to XRP

Some market watchers say the crypto market seems happy. Multiple traders note that XRP’s price went up to roughly $3. That’s the highest it’s been in about seven years. A few experts link this to news that the SEC might stop numerous crypto cases.

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What Comes Next

Ripple CEO Brad Garlinghouse shares some strong words about various SEC actions: “Gensler, very much on brand — completely dismissive of the 2024 election and the American public — fully commits to his failed ‘regulation-by-enforcement’ agenda to the bitter, bitter end.” Many observers think some new SEC leaders might change multiple crypto rules.