While the legal tussle between Ripple and the SEC is still ongoing, Ripple, the payments technology company, recently held an event to commemorate its partial legal victory.
Following a significant court win, Ripple’s founder and CEO, Brad Garlinghouse, took to social media to announce a “Victory Party” slated for 29 September.
The event, now concluded, has not gone unnoticed within the XRP community.
After years of courtroom battles with the SEC, Ripple has secured a measure of relief, prompting the celebration.
The festivity was marked by its extravagance, with attendees even forming queues to gain entry.
Renowned rock music icon, Lenny Kravitz, graced the occasion with a performance, elevating the celebratory atmosphere.
Brad delivered an impassioned speech, emphasising critical aspects of the legal outcome.
Onstage, he not only instilled confidence in the XRP community but also extended recognition to key figures within the Ripple team.
In his speech, he had expressed:
“When the going got tough, you guys were so supportive to Ripple, to me. I want to thank all of you. One thing I think we all learned is that it does take a village to fight a bully and this village beat the bully.”
Notable individuals acknowledged included General Counsel Stuart Alderoty, Deborah McCrimmon, and CTO David Schwartz.
Additionally, members of Ripple’s legal team received due appreciation, with names like John Deaton, Jeremy Hogan, and James K Filan being mentioned.
In a separate development, just this week, Attorney John Deaton, a staunch advocate for Ripple, was honoured with the prestigious Defender of Freedom Award by the International Congress of Blockchain Legal Advisors (ICBLA).
This accolade recognises his role in safeguarding the rights of digital asset holders and his significant contributions to the SEC vs Ripple case.
Ripple’s Chief Technology Officer, David Schwartz, recently offered a glimpse into the informal and friendly rapport shared among the fintech leaders, as he shared a photo featuring himself alongside Brad.
In the photo, David is seen dressed casually, donning a black blazer over a T-shirt emblazoned with “XRP LEDGER.”
Brad, on the other hand, opts for a classic attire, sporting a dark blue jacket over a white T-shirt.
Amidst these celebratory moments, Ripple remains steadfast in its commitment to carry on the legal battle with the SEC, should an appeal materialise.
During a recent interview with CNBC, Ripple’s President, Monica Long, reaffirmed their determination to see the case through to its conclusion, underscoring their unwavering resolve.
Brad also acknowledged the immense faith and support from the extensive XRP community, attributing the partial success to their unwavering commitment.
It is important to note that the event primarily centred around celebration and did not delve into Ripple’s future prospects.
In advance of the party, Brad took to X (formerly known as Twitter) to prepare attendees for the festivities, making it clear that no significant announcements were expected.
Notably, he also revealed a new XRP tattoo, symbolizing his unwavering dedication to Ripple’s mission and principles.
While Ripple’s partial win on the fair notice issue carries significance, the SEC’s lawsuit remains ongoing, with substantial implications for the broader cryptocurrency market.
Discussions about a potential settlement have also emerged.
Nevertheless, for many, the event marks a pivotal milestone for Ripple and XRP.
Attendees expressed a sense of relief and validation, appreciating that the SEC ruling favoured Ripple, even if only in part.