Ripple CEO Brad Garlinghouse criticized SEC Chair Gary Gensler on social media following the SEC's filing of the opening brief in the Ripple appeal case. The SEC argues that the district court made errors in determining that Ripple's offerings and sales of XRP did not meet certain legal requirements. The SEC is asking the court to vacate the previous judgment regarding Ripple's sales to retail buyers. Ripple's lawyer downplayed the significance of the SEC's filing, calling it "just noise." XRP's price surpassed $3 for the first time in seven years after reports that the SEC may freeze some non-fraud crypto cases. It is speculated that the incoming administration may abandon the appeal.



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