Ripple Will Spend Over $100,000,000 Defending Itself Against the SEC in XRP Lawsuit, Says CEO Brad Garlinghouse

Ripple Will Spend Over $100,000,000 Defending Itself Against the SEC in XRP Lawsuit, Says CEO Brad Garlinghouse


Ripple CEO Brad Garlinghouse says the cost of his firm’s lawsuit with the U.S. Securities and Exchange Commission (SEC) will be well above the nine-figure mark.

In an interview with Ryan Selkis, CEO of crypto analytics firm Messari, Garlinghouse says Ripple Labs is, in a way, representing the whole industry by taking on the SEC.

In late 2020, the SEC sued Ripple Labs for allegedly issuing XRP as an unregistered security, a case that has raised implications for the rest of the digital asset space.

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“Now I do think the SEC has been a bit of a bully in the whole industry. We will spend – and I’ve publicly already shared this – well into the over $100 million defending ourselves against the SEC. And

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