The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) remains unsettled. Now that the case is nearing its final stages, the company is gaining great support from the crypto community, especially from the Biwise co-founder.
Bitwise Founder Hails Garlinghouse
Bitwise Asset Management co-founder and CEO, Hunter Horsley, praised Ripple’s action in the legal battle with the SEC and called Brad Garlinghouse (CEO of Ripple) a role model.
In an interview, Horsley said, “There’s a ton of great things to say about Brad. But the reason one is that they really took on the mantle of pushing back against the SEC’s egregious enforcement.”
“And maybe you don’t like XRP, the token, or maybe you don’t like RLUSD, the stablecoin, or maybe you love these things. But in any case, you can appreciate the effort and role….I think very highly of Brad,” he added.
How Has SEC Impacted Coinbase and Uniswap?
SEC’s aggressive enforcement actions have significantly impacted other major crypto firms, as it has defined how crypto assets and exchanges would be regulated under law. Around 2023, Coinbase and Uniswap Labs faced challenges from the SEC for different reasons.
Horsley said the SEC’s blatant sanctions have impacted Uniswap. He added, “It’s impacted consensus, it’s impacted Coinbase, and not everyone can fight back, and they (Ripple) were the first to fight back, and they just recently prevailed.”
Deadline for Ripple Vs SEC
The battle has become one of the most closely watched legal disputes in crypto history, which is expected to take shape on August 15, 2025. The SEC has previously delayed its appeals, but now it needs to report to the appeal court, according to pro-XRP lawyer Bill Morgan.
