Ripple’s $150 million spending for the last ‘no’
Ripple’s $150 million legal battle with the U.S. Securities and Exchange Commission took center stage during a recent 60 Minutes episode on CBS News.
While the segment discussed Ripple’s legal challenges and the crypto industry’s growing political influence, CEO Brad Garlinghouse and several community members expressed frustration with the way the story was presented.
After the episode aired, Garlinghouse took to X to share his concerns. He emphasized that the interview, which lasted over 90 minutes, failed to include a significant legal development: a federal judge ruled in July that XRP (XRP) is not a security when sold on public exchanges.
