Ripple CEO Brad Garlinghouse Criticizes SEC’s Actions Against XRP as Bitnomial Sues Over Futures Regulation

Ripple CEO Brad Garlinghouse has reiterated his staunch opposition to the US SEC, particularly regarding the agency’s ongoing litigation against XRP. On October 14, Garlinghouse criticized the SEC’s actions on social media, highlighting the recent lawsuit filed by Bitnomial, a crypto derivatives platform, which challenges the SEC’s authority over XRP futures. Garlinghouse’s comments reflect growing frustration with regulatory overreach, as he stated, “The SEC now believes that it can override the law and ignore the court’s ruling that XRP is not a security.” Following the SEC’s unsuccessful attempts to categorize XRP as a security, Bitnomial took action by self-certifying its XRP dollar futures contract in August, post-judgment. The crypto community continues to closely monitor these developments, as they could significantly impact the regulatory landscape of digital assets.