币界网报道：Ripple CEO Brad Garlinghouse acknowledged that 74% of XRP holders correctly predicted the outcome of the SEC's lawsuit against the company, which concluded that XRP is not a security when sold to retail investors. Speaking at the DC Fintech Week conference, Garlinghouse emphasized the significance of the court's ruling, which provided much-needed regulatory clarity for the crypto industry. He criticized the SEC's approach under Chair Gary Gensler, calling it "regulation by enforcement" and highlighting the lack of clear guidelines for crypto businesses. The ruling, delivered by Judge Analisa Torres in July, determined that XRP sales to institutional investors violated securities laws, while programmatic sales to the public did not. Garlinghouse noted that the SEC's case had caused significant harm to XRP holders, with many exchanges delisting the token amid legal uncertainty. Despite the partial victory, Ripple continues to face challenges, including an ongoing SEC appeal and a pending trial over institutional sales. Garlinghouse expressed optimism about Ripple's future, citing growing adoption of its On-Demand Liquidity (ODL) product and partnerships with financial institutions worldwide. He also reiterated his call for comprehensive crypto legislation in the U.S., arguing that the current regulatory environment stifles innovation. The case has been closely watched as a potential precedent for how other cryptocurrencies may be treated under U.S. securities laws.