The clash between Ripple Labs and the U.S. Securities and Exchange Commission continues, despite recent court rulings favoring Ripple.

Escalation of the Conflict

Recently, Ripple's executives have voiced their discontent on social media, claiming that the SEC disregards the recent court ruling regarding XRP. Stuart Alderoty, Ripple's Chief Legal Officer, continues to challenge the SEC's assertion that XRP qualifies as a security, despite a favorable court ruling.

Ripple's Position

Ripple's CEO, Brad Garlinghouse, has labeled the SEC a 'renegade agency' in his public statements. Established in 2012, Ripple quickly gained popularity in the cryptocurrency sector with its innovative approach to cross-border payments.

Legal Victory and Its Consequences

A recent legal win for Ripple in the Bitnomial case, where a U.S. District Judge ruled that XRP Futures contracts do not fall under the SEC's jurisdiction, reinforces the argument that XRP is not a security. However, the SEC remains steadfast, which has drawn criticism from Ripple's legal team and experts.

Support for Ripple extends beyond the cryptocurrency community, with increasing questions about the SEC's motives and actions.