Ripple CEO recalls XRP was number 2 before SEC case, eyes recovery

XRP’s standing within the cryptocurrency sector has shifted notably since the onset of Ripple ‘s legal dispute with the U.S. Securities and Exchange Commission. Ripple, a San Francisco-based blockchain payments company, previously saw its native token XRP become the second-largest cryptocurrency by market capitalization, positioned just behind Bitcoin . Brad Garlinghouse, CEO of Ripple, reflected on the company’s history in a recent video discussion, recalling a time when XRP ranked immediately after Bitcoin among digital assets. Garlinghouse emphasized that prior to the lawsuit with the SEC, confidence in XRP had been substantially stronger than in recent years. He pointed out that many in the industry now overlook XRP’s former market dominance, attributing its decline in part to diminished investor sentiment caused by the ongoing legal battle.

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