Ripple CEO honors XRP community with speech

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Ripple CEO honors XRP community with speech

Brad Garlinghouse, CEO of Ripple Labs, honored the XRP community at a party to celebrate the blockchain firm's victory in the case filed by the SEC.

He said he was greatly appreciative to the XRP community for its unwavering support.

The speech was followed by a surge of cheers from the audience, Garlinghouse said.

Garlinghouse thanked several influential figures within the XRP community, including Crypto Law Chairman John Deaton, defense lawyer and former federal Prosecutor James Filan, and Hogan & Hogan law firm partner Jeremy Hogan. He praised them for their insights and contributions during the legal battle with the SEC.

As a supporter of Ripple Labs, Deaton was awarded the Defender of Freedom Award by the International Congress of Blockchain Legal Advisors for his work in championing the rights of digital asset holders and his role in the legal battle between the SEC and Ripple Labs.

Ripple Labs' legal victory over the SEC is considered a significant accomplishment for the cryptocurrency industry, setting a precedent for how regulators approach and interpret the classification of crypto assets.

ET on Sunday, the XRP, the native currency of the Ripple network, was trading down at $0.5166, with a trading volume of $35.49 at $476,526,941, marking a decrease of 0.49% in the last 24 hours and a 1.3% gain over the past seven days.

XRP's total circulating supply is $52,312,364,216 XRP, with its value down 0.35% at a $27,551,976,674 market cap.