- When a crypto tattoo backfires
- The SEC v. Ripple case is finally over
In a recent social media post, Ripple CEO Brad Garlinghouse stressed that he was “1000%” committed to XRP’s future.
This comes after Digital Asset Buy, a well-known XRP influencer, noted that getting a tattoo at 50+ and with a Harvard MBA (like Garlinghouse) is unquestionably a sign of unshakable unwavering support.
“I know many people who got tattoos when they were young and regret them because life changes. When someone with a Harvard MBA gets a tattoo after 50, they have thought it through and know it’s only going to change in a good way,” the influencer said on the X social media network.
The former Yahoo executive initially revealed his XRP-themed tattoo with planetary motifs back in 2023 after US district court judge Analisa Torres ruled that the secondary sales of the tokens did not constitute investment contracts.
The tattoo, which is inked on Garlinghouse’s right arm, also shows the date of the game-changing summary judgment ruling (July 13, 2023).
When a crypto tattoo backfires
That said, it should be noted that crypto tattoos can backfire. Galaxy CEO Mike Novogratz famously showed off his Luna-themed tattoo in early 2022 (just months before the cryptocurrency eventually imploded). Earlier this year, Galaxy Digital had to shell out $200 million in penalties linked to the Luna crisis.
The SEC v. Ripple case is finally over
As reported by U.Today, Garlinghouse recently confirmed that the company was dropping its cross-appeal against the SEC. Given that the agency is expected to reciprocate, this essentially marks the end of the grueling legal battle.