Ripple’s Garlinghouse Says SEC Dropped Landmark Crypto Case (1)

Ripple Chief Executive Officer Brad Garlinghouse said the US Securities and Exchange Commission case against the crypto company has ended, the latest of several enforcement actions that have been abandoned during the early weeks of President Donald Trump’s administration.

“This provides a lot of certainty for Ripple,” Garlinghouse said in an interview Wednesday on Bloomberg Television. He estimated that the San Francisco-based blockchain infrastructure company has spent more than $150 million to defend itself.

A spokesperson for the SEC declined to comment.

A part of the litigation between Ripple and the SEC is still ongoing. In 2023, Ripple had ...