- Ripple community debates Garlinghouse’s statements about settlement payments.
- Uncertainty arises over whether $50M payments are separate or duplicate references.
- Ripple vs. SEC case developments include granted motion to hold appeal in abeyance.
A discussion has surfaced within the XRP community regarding Ripple CEO Brad Garlinghouse’s recent comments about the company’s financial settlement with the SEC. The debate centers on whether Garlinghouse referenced two separate $50 million payments or was referring to the same amount twice.
X user Andrew Pearce started the conversation by pointing out what he perceived as an overlooked detail from Garlinghouse’s interview. According to X user, when asked about fines from the SEC, Garlinghouse stated that Ripple was paying “$50 million to the SEC and $50 million to the government,” which Pearce interpreted as two distinct payments.
This interpretation was questioned by MAGA co-founder Stephen, who suggested that Garlinghouse’s wording may have been misleading. Stephen clarified that the SEC is a government agency, so Garlinghouse was referring to the same $50 million payment and not two.
The conversation went on with Pearce admitting that he might have been wrong. He said that “the way he phrased the answer” made him think there were two payments. Stephen replied that he interpreted the statement as referring to one payment, but he could understand how Garlinghouse’s words had caused confusion.
Discussion underway as Ripple SEC lawsuit nears its end
This comes in the wake of major developments in the ongoing lawsuit between Ripple and the SEC. Latest news shows that the case could be drawing to a close, as a joint motion to hold the appeal in abeyance was granted. The SEC, as reported, has to file a status report within 60 days, which could mean there is momentum towards a final settlement.
Market analysts continue to monitor the price action of XRP due to these legal concerns. Trader Ali recently stated that XRP is trending in an upward triangle pattern with solid resistance at $2.22. If it crosses above this level, it may trigger an increase towards $2.40, indicating some optimism in the market despite the current legal concerns.
People have a lot of confusion surrounding Garlinghouse’s statements. This is another signal of how closely and carefully the XRP community tracks Ripple’s comments, especially in relation to the SEC case.
Official dialogue amongst company officials is painstakingly documented as news for directional clues about anything from settlement terms or where XRP goes from here after the SEC case in terms of legal status and market price action in the Future.
