Ripple Labs’ Brad Garlinghouse Stuns Community With XRP Logo Tattoo

Ripple Labs CEO Brad Garlinghouse has tattooed the XRP logo and the date July 13, 2023, on his arm. According to his post on X, this shows his complete confidence in the future of XRP. Notably, his decision has garnered significant attention in the cryptocurrency community, particularly amid Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).

Ripple Labs CEO Shows Confidence in XRP Future

Garlinghouse’s tattoo marks an important moment in Ripple’s legal battle. On July 13, 2023, a court ruled that selling XRP to retail consumers does not break securities laws. However, it did find that sales to institutions are considered unregistered securities. This mixed ruling was a pivotal moment in the case, providing clarity to XRP holders and boosting confidence in the token’s future.

Meanwhile, Garlinghouse’s tattoo symbolizes more than just his personal beliefs; it represents a growing hope that the case is nearing its end. His public show of support also sends a clear message to the crypto ecosystem that XRP still has potential. 

Recall that Ripple recently ended its lengthy legal battle with the SEC. The case, which lasted over four years, brought uncertainty to Ripple Labs and the broader cryptocurrency industry. Ripple has confirmed it will not continue its appeal. It is worth noting that this decision came just after Garlinghouse praised the XRP community for correctly predicting this outcome.

Ripple Drops Case Appeal, Markets React

On June 27, Ripple Labs made headlines by dropping its appeal in the lawsuit with the SEC. Now that the case is over, investors are showing new confidence in XRP. The digital coin rose over 3.5% in a few hours and hit a high of $3.18. During that time, traders who bet on the price falling lost over $5.5 million.

Meanwhile, in a recent post, Nate Geraci, president of the ETF store, said Ripple’s legal win clears the way for a U.S. spot XRP ETF. While there is no official word from BlackRock yet, the market is buzzing with possibilities. Bloomberg recently increased the chances of an XRP EFT approval to more than 95%.

Ripple to Focus on Business Growth

With the case behind them, Ripple has stated its intent to focus entirely on business growth and innovation. Ripple’s CEO reiterated the company’s commitment to building the Internet of Value. This idea will enable faster, cheaper, and more accessible cross-border payments using XRP and blockchain technology.

The company has shifted its focus to the United Arab Emirates (UAE) as it continues to expand in the region. This partnership will see financial institutions integrate Ripple’s blockchain-powered international payment solutions into their systems.