John Squire’s recent post on X, featuring a clip of Ripple CEO Brad Garlinghouse , revives a powerful reminder: “XRP was #2 before the SEC slowed it down.” In the video, Garlinghouse explains, “People forget… before the SEC was involved in the cryptocurrency markets, XRP was the second most valuable digital asset before… ETH… then the SEC was involved… and then they sued Ripple and XRP went down.” Squire’s post highlights what many in the XRP community have long argued—that regulatory intervention, not market fundamentals, derailed XRP’s trajectory. Final Closure: The Ripple–SEC Case Ends The timing of Garlinghouse’s comment is striking, as it comes just as the long legal battle with the U.S. Securities and Exchange Commission has officially ended. On August 7, 2025, Ripple and the SEC jointly moved to withdraw their respective appeals with the U.S. Court of Appeals for the Second Circuit. That move marked the formal end of appellate proceedings, leaving Judge Analisa Torres’s prior rulings intact and bringing nearly five years of litigation to a close. XRP COMEBACK MODE Brad Garlinghouse reminds us: “$XRP was #2 before the SEC slowed it down.” The case is wrapping up. The rebound could be massive. #XRPArmy #Ripple pic.twitter.com/6xORLOnffz — John Squire (@TheCryptoSquire) August 23, 2025 On August 22, the Second Circuit approved the joint dismissal , confirming that both parties’ appeals were dropped. With a one-page order signed off by appellate clerk Catherine O’Hagan Wolfe, the case was sealed as “So Ordered,” making the end official. The crypto industry widely regards this as the most significant regulatory resolution since the SEC began its campaign against Ripple in 2020. What Remains in Place Although the case is closed, the district court’s earlier decisions still stand. Ripple must pay a $125 million civil penalty, and an injunction remains in force over certain institutional sales. Importantly, Judge Torres’s ruling from July 2023 continues to hold: XRP’s secondary market sales on exchanges do not constitute securities transactions, while institutional sales did breach securities laws. This outcome secures clarity for everyday traders and exchanges, ensuring that XRP is not classified as a security in the open market. At the same time, it enforces compliance for Ripple’s direct sales to institutions. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Market Implications With legal uncertainty finally lifted, XRP has reacted positively. The token’s price jumped immediately across major exchanges, with gains of 4-13% in the hours after the court’s decision.. Analysts note that the resolution could pave the way for renewed listings, greater institutional confidence, and potential inclusion in upcoming financial products such as exchange-traded funds. The ruling establishes a significant precedent in U.S. regulation, clarifying that while institutional sales of tokens may be considered securities, secondary market trading of cryptocurrencies such as XRP is not. This distinction will likely have far-reaching implications for the digital asset industry as a whole. The Bottom Line John Squire’s repost of Garlinghouse’s statement resonates even more powerfully today. XRP was once a close rival to Ethereum in market capitalization, but its decline was driven by regulatory pressure, not a lack of utility or demand. With the SEC case finally behind it, Ripple can shift its focus to adoption, partnerships, and cross-border payment solutions. Whether XRP can reclaim its former position remains to be seen, but the end of this legal saga clears the runway for what Garlinghouse describes as a long-awaited comeback. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple CEO States Clear Fact About XRP Price and Position appeared first on Times Tabloid .
