David Schwartz compares Connecticut Glock lawsuit with Ripple SEC battle

  • David Schwartz compared Glock’s Connecticut lawsuit with Ripple’s former SEC battle over regulatory clarity.
  • Glock seeks emergency relief before Connecticut’s convertible-pistol law takes effect October 1.
  • Ripple’s appeals ended in August 2025, leaving a $125.035 million penalty and injunction intact.

David Schwartz, Ripple CTO Emeritus and XRP Ledger co-creator, compared Glock’s Connecticut lawsuit with Ripple’s former SEC battle, saying both disputes involve businesses seeking to determine whether their conduct complies with unclear regulatory standards. Glock filed a federal lawsuit on September 21 and requested an emergency preliminary injunction before Connecticut’s Public Act 26-41 takes effect on October 1. Judge Kari A. Dooley scheduled a September 29 hearing, while Connecticut Attorney General William Tong said the law is lawful and would be defended. The statute makes certain conduct involving newly manufactured convertible pistols a Class D felony. Glock says redesigned Slimline, V Series and Gen 6 handguns should fall outside the definition because they were designed to resist illegal conversion devices. Ripple’s appeals ended in August 2025, leaving a final judgment that includes a $125.035 million civil penalty and an injunction concerning future Securities Act registration violations. Schwartz’s comparison is his personal interpretation; the Connecticut case does not involve cryptocurrency, securities law or the SEC.

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