Ripple CEO reveals $200M cost of defending against SEC lawsuit.

Ripple has spent $200 million defending itself against the SEC lawsuit, according to CEO Brad Garlinghouse, who criticized the U.S. for falling behind in crypto regulation and putting politics ahead of policy. Garlinghouse advised entrepreneurs to avoid starting in the U.S. due to the lack of a clear regulatory framework. Ripple was sued by the SEC in December 2020 for illegally selling XRP tokens as an unregistered security, a claim Ripple has long disputed. A decision is expected from the judge in the next three to six months.