Criticism of 60 minutes segment: Brad Garlinghouse, CEO of Ripple, expressed his dissatisfaction with 60 Minutes. The December 8 segment failed to mention a pivotal court decision from July, where XRP was ruled not a security. The report mainly highlighted Ripple’s political contributions without acknowledging this significant legal development.
SEC lawsuit controversy: The ongoing SEC lawsuit filed in 2020 remains contentious, with Ripple facing a $125 million penalty. Despite appeals, the regulatory debate on XRP, highlighted by differing opinions in 60 Minutes, continues to impact the cryptocurrency market’s regulatory landscape.
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