Ripple Labs is involved in a MAJOR legal battle with the U.S. Securities and Exchange Commission (SEC) which began in December 2020. The SEC alleges that Ripple and its executives raised over 1.3 billion USD through unregistered securities offerings of XRP. This case has attracted significant attention from the cryptocurrency industry.

David Schwartz, CTO of Ripple, expresses frustration due to the restrictions surrounding the ongoing lawsuit. He finds it challenging because certain truths cannot be openly discussed. However, Schwartz finds solace in the support of the XRP community, who often advocate on behalf of Ripple during these legal limitations.