Ripple’s Garlinghouse Calls the SEC a ‘Bully’ Fresh Off Ruling

Ripple Labs Chief Executive Officer Brad Garlinghouse said that a federal court decision Thursday means that its crypto token XRP “is not a security,” giving the digital-payments company more freedom to pursue various business opportunities.

Speaking on Bloomberg TV, Garlinghouse said the ruling means he no longer has to worry about promoting the various use cases for Ripple and its technology. Ripple is used in cross-border payments and in implementing central bank digital currencies, and 95% of its customers are located outside of the US, he said.

A federal judge ruled Thursday that XRP is a security when sold to ...