XRP Poised to Reach $0.50? Ripple & Garlinghouse Prep for Final Battle With SEC

• Ripple and CEO Brad Garlinghouse have enlisted two lawyers from Cleary Gottlieb Steen & Hamilton LLP to represent them in their ongoing legal case against the SEC.
• The SEC has asked the judge to put the case on hold while they appeal, as many other pending court cases could be affected by the outcome.
• Ripple recently achieved a partial victory in the case, sending XRP’s price up to $0.93.

Ripple vs. SEC: Final Battle Begins

Ripple Enlists Two Lawyers

Two lawyers from the law firm Cleary Gottlieb Steen & Hamilton LLP have declared their intentions to represent Ripple CEO Brad Garlinghouse in the ongoing case against the US Securities and Exchange Commission (SEC). Brad Garlinghouse and co-founder Chris Larsen are expected to go on trial in Q2 2024.

SEC Asks Judge To Put Case On Hold

The SEC recently asked for an interlocutory review of a Programmatic Sales ruling that could affect several other pending court cases involving crypto firms such as Binance and Coinbase. This ruling could also potentially persuade similar cases regarding offering crypto assets indiscriminately to public investors over crypto asset trading platforms.

Partial Victory Results In Rise Of XRP Price

Ripple Labs (XRP) was able to achieve a partial victory in this case, sending XRP’s price up to $0.93. This number is still far away from its all-time high of $3.30 back in 2018, but it does show promise for a possible recovery of its value down the line given recent progressions in this legal battle between Ripple and the SEC.

Cleary Gottlieb Representing Brad Garlinghouse

Caleb J Robertson and Michael A Schulman from Cleary Gottlieb Steen & Hamilton LLP will be representing Brad Garlinghouse throughout this legal process, with both having significant background experience with government investigations within the cryptocurrency ecosystem .


While there is still much uncertainty surrounding what will ultimately happen between Ripple and the SEC, it is encouraging that another major law firm has stepped forward to support their cause. With more involvement from external sources like this one, there is hope that XRP may make its way back up closer towards its all-time high prices sooner rather than later .