Amid Ripple vs. SEC, CEO Brad Garlinghouse Says “We Have More Than a Billion US Dollars"

[MathewAnderson]

• Ripple plans to use $1 billion from its cash reserves for expansion.
• The company aims to transform into more than just a payments platform and liquidity provider.
• Ripple intends to invest funds in blockchain-friendly markets like the UAE and Switzerland.
• The ongoing legal battle with the SEC continues, with a recent postponement of the release of influential documents.
• Legal expert Bill Morgan raises doubts about the SEC's classification of Ripple's XRP tokens as securities. Morgan argues that sales to On-Demand Liquidity (ODL) customers do not meet the criteria of an investment contract, challenging the SEC's stance and potentially reshaping the classification of XRP.