The Ripple vs SEC Lawsuit: A Continuing Saga
The Ripple vs SEC lawsuit continues to be a topic of discussion, with Ripple CEO Brad Garlinghouse stating that the case is “behind them,” despite ongoing legal proceedings. The latest developments have shifted the focus to political ties and allegations surrounding Ripple’s involvement in the 2024 U.S. presidential election.
Political Allegations Stir Controversy
A recent claim on X (formerly Twitter) has sparked controversy, suggesting that Ripple and its top executives showed support for Vice President Kamala Harris during the election, while avoiding backing Donald Trump. This revelation has divided the XRP community, as some members question Ripple’s political stance, particularly given the diverse political views within the community.
Ripple was sued under the Trump/Clayton administration, long before Gensler was appointed. Basic facts, sorry.
— Marc Fagel (@Marc_Fagel) July 24, 2025
Some XRP community members expressed surprise at the extent of Ripple’s political donations, leading to discussions about potential implications for the cryptocurrency’s value. Speculation has arisen about potential exit points for XRP holders if Bitcoin reaches certain price levels.
Former SEC Lawyer Clarifies Timeline
Former SEC lawyer Marc Fagel weighed in on the situation, setting the record straight regarding the timeline of the Ripple lawsuit. Fagel pointed out that the SEC’s case against Ripple was initiated under the Trump administration, during Jay Clayton’s tenure as SEC Chair, not under current SEC Chair Gary Gensler.
Addressing misconceptions, Fagel stated, “Basic facts, sorry. This case was investigated and filed before Gensler was even appointed. Unless he had a time machine, Gensler didn’t initiate this.”
Fagel explained that the decision to sue Ripple was made prior to Clayton’s departure, with the intention of avoiding delays that could have arisen during a transition period between SEC chairs. Gensler assumed his role several months after the lawsuit was filed.
As the Ripple vs SEC lawsuit continues to unfold, the political implications and intricate timeline of events add layers of complexity to an already contentious legal battle.