SEC lawsuit verdict by June? Ripple CEO Brad Garlinghouse hints at…
January 19, 2023
By Suzuki Shillsalot
Ripple CEO Brad Garlinghouse believed that the verdict in the lawsuit against the SEC may come by June 2023.
The CEO criticized the actions of the SEC and described their conduct as “embarrassing.”
The ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission may end later this year. The insights provided by Ripple’s CEO Brad Garlinghouse have revealed that the lawsuit, which started over two years ago, may get a verdict within “single-digit months.”
Ripple v. SEC verdict in June?
In a recent interview with CNBC, Brad Garlinghouse stated that he hoped for a verdict in the first half of 2023. He said:
“We’re optimistic that this will certainly be resolved in 2023, and maybe [in] the first half. So, we’ll see how it plays out from here. But I feel very good about where we are relative to the law and the facts.”
The CEO and his blockchain firm have maintained that Ripple [XRP] was not a security. Garlinghouse revealed that settling the case with the SEC is on the table. However, such a settlement would have to be on a “go-forward basis”, with the security status of XRP being non-negotiable. Although possible, a settlement seemed unlikely.
To read the entire article...Click Here!
