
Judge Hamilton granted Ripple's request to seal certain court documents to protect confidential information.
Ripple's partial victory in the summary judgment phase sets the stage for the SEC's appeal and could impact the future of crypto in USA.
XRP price saw a short-term jump following the court decision but remains below a key resistance level.
The Ripple vs SEC lawsuit takes another turn as Senior District Judge Phyllis J. Hamilton has approved Ripple CEObrad garlinghouse
brad garlinghouse Brad Garlinghouse is an American businessman and a major crypto influencer. He is the CEO of Ripple Labs, which offers cryptocurrency and blockchain solutions. Brad has also worked at Hightail, AOL, and Yahoo in prominent positions. Ripple Labs has backed several blockchain startups and investors to grow decentralized finance. Brad sees crypto as a tool for financial freedom and has worked with other influencers in this regard.
Quick Facts Full Name Bradley Kent Garlinghouse Birth 06-02-1971, in Topeka, Kansas Nationality American Education Bachelor's degree in Economics, MBA from Harvard Business School. Marital Status Married to Kristen Elizabeth Mautner Net Worth $10B (Refer here) Ripple's native token, XRP is among the top digital assets. As per CoinGape, Brad's company has $100 billion worth of XRP tokens in its reserve. This will help further innovation in Web3 and blockchain projects. As per reports surfing on Binance’s blog, Brad Garlinghouse may step down as CEO of Ripple to join the Crypto Advisory Council, which is led by President Trump. This significant event will boost the adoption of decentralized finance and blockchain growth.
Brad Garlinghouse: Trivia 2007: Served as Senior VP at Yahoo!, heading communications and consumer products.
2012: Became CEO of Hightail, leading digital file-sharing innovations.
2015: Joined Ripple as COO to push blockchain adoption in cross-border payments.
2017: Became CEO of Ripple, driving XRP adoption and blockchain partnerships.
2020: Led Ripple’s defense against the SEC lawsuit over XRP’s security status.
2021: Expanded Ripple’s ODL (On-Demand Liquidity) network for global crypto payments.
2023: Got a partial success against the SEC, declaring XRP as not a security.
2024: Continue leading Ripple in CBDC collaborations and global blockchain finance.
2025: May join Trump's Crypto Advisory Council to set regulations. Notable Works & Achievements by Brad Garlinghouse Year Achievements Details 2003 Wrote the 'Peanut Butter Manifesto' at Yahoo! Highlighted Yahoo!'s lack of focus in operations. 2015 Joined Ripple as Chief Operating Officer Took measures to integrate blockchain technology into banking systems. 2017 Appointed CEO of Ripple Expanded Ripple's global partnerships, enhancing cross-border payment solutions. 2020 Named in Forbes' List of Wealthiest in Cryptocurrency Recognized for significant contributions to the crypto industry. 2023 Legal Victory in SEC vs. Ripple Case Achieved a favorable ruling impacting cryptocurrency regulations. Other Useful Links To Connect with Brad Garlinghouse Platform Link X (formerly Twitter) https://twitter.com/bgarlinghouse LinkedIn https://www.linkedin.com/in/bradgarlinghouse Ripple’s Website https://ripple.com/leadership/brad-garlinghouse/ EntrepreneurInvestorChief Executive OfficerBoard Member โs request to seal certain court documents. This ruling also covers the plaintiffโs motion to seal specific exhibits, marking a pivotal moment as the case heads toward the appeals stage.
With new developments emerging daily, the stakes have never been higher. Letโs dive into what this ruling means for XRP and what comes next.
XRP Price Surges Amid Market Optimism
Following the decision, XRP saw a 1.70% price jump, reaching $2.31. However, it has struggled to break through the critical $2.51 resistance level, despite positive news regarding Trumpโs pro-crypto administration. Thereโs also growing speculation about a meeting between Trump and Rippleโs CEO, with many anticipating that the former president’s administration could resolve the Ripple case by year-end.
Analyzing the Court’s Decision
The courtโs decision to seal certain documents aligns with the Ninth Circuitโs โcompelling reasonsโ standard, which balances protecting confidential information with the publicโs right to access. Rippleโs motion covers eight exhibits related to their summary judgment and 56 exhibits opposing the plaintiffโs motion. On the other side, the plaintiff requested to seal portions of exhibits with sensitive personal or confidential information.
The court also agreed to the SECโs request to seal parts of its own exhibits, including those containing expert testimony. The judge found that both sides had valid reasons for keeping these materials private, ensuring fairness as the case moves forward.
Next Steps for the SEC
Now, all eyes are on the SECโs next move. The regulator is preparing to file its main appeal brief, which could greatly influence the outcome of this high-profile case. Some legal experts, including Jeremy Hogan and former SEC lawyer Marc Fagel, believe the appeal might not go far. They argue that pro-crypto voices, such as Paul Atkins, could push the SEC to reconsider its position.
Why It Matters
This legal battle has become a defining moment for the crypto industry. Rippleโs victory in the summary judgment dealt a major blow to the SECโs argument that XRP is a security. As the case moves to appeals, the final decision could set a precedent for how cryptocurrencies are treated in the U.S.
For now, Rippleโs success in protecting sensitive information is a minor yet significant win, allowing the company to focus on the larger battle ahead. The crypto community will be closely watching as the SEC files its appeal and the case progresses.
XRP Price Impact
On the technical front, XRP is currently in a consolidation phase, a common โcooling-offโ period after big price moves. While this sideways action might seem dull, it often sets the stage for significant future movements. Investors should remain patient and watch key levels, as a breakout above $2.51 could spark a rally. Broader market trends, like Bitcoinโs performance, may also influence XRPโs next big move.
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Rippleโs fight is far from over, and as the case moves to its next phase, all eyes will remain on the courtroom, where history may be in the making.
FAQs
No, the case is not over. Itโs now at the appeals stage, with both sides filing motions and awaiting further legal developments.
No, the XRP lawsuit is not settled yet. The case is ongoing, with Ripple and the SEC still in legal proceedings, now entering the appeals stage.