Ripple’s legal fees reached $200 million. Ripple’s CEO Brad Garlinghouse announced that Ripple’s legal expenses have reached $200 million, doubling from $100 million in 2022. House announced the reason for this increase in the cost of the Securities and Exchange Commission.
The CEO of Ripple criticized Gary Gensler, director of the Securities Exchange Commission, and said: “Gary Gensler is looking for a political position, not the rules.”
Ripple has been involved in a legal dispute with the US Securities and Exchange Commission for many years. Gary Gensler’s strange and sudden decisions have caused some famous people in the crypto community and even government officials to demand his replacement. The digital currency XRP has been repeatedly affected by the upward or downward price trends by the US Securities and Exchange Commission. This has caused many crypto activists to consider Ripple’s victory against the commission as a victory for the cryptocurrency industry.
Ripple, having a strong history and its existence on the first page of the top cryptocurrencies of the digital currency market, has always been one of the best coins used for investment and trading, now considering the conditions between Ripple and the Securities Exchange Commission. It happens that following Ripple news can be useful and effective for many digital currency market participants. Follow short Ripple news here.