Ripple CEO Garlinghouse defends against SEC appeal over XRP decision

Ripple Labs CEO Brad Garlinghouse has announced plans to continue his fight against the US Securities and Exchange Commission (SEC) in court after the regulator decided to appeal a recent court ruling on XRP.

In an October 2 post on He emphasized that despite the appeal, XRP is currently recognized as a non-security.

Last July, New York District Court Judge Analisa Torres ruled that XRP is not considered a security when sold on public exchanges, handing Ripple a partial victory in the SEC's ongoing litigation.

However, the court found that XRP sales to institutional investors must comply with securities laws, resulting in a $125 million fine against Ripple. Recently, both parties agreed to suspend this fine while the SEC prepares for its appeal.

Stuart Alderoty, Ripple’s chief legal officer, expressed disappointment with the SEC’s decision, calling the lawsuit “irrational and misguided.” He noted that Ripple is considering filing a cross-appeal.

Legal experts say the appeal process could take up to a year and a half, with a possible ruling from the Second Circuit Court expected in early 2026. Meanwhile, XRP price saw a 10.86% loss in value over the last 24 hours of trading at around $0.53.

Ripple remains committed to defending its position and proving that XRP is not a security.

Also Read: Bitget Analyst Predicts XRP Surge to $0.75, SUI and DTX Next