TechFlow News — Ripple CEO Brad Garlinghouse said he hopes to reach a resolution in the company's legal battle with the U.S. Securities and Exchange Commission (SEC) in the first half of 2023.
He expressed optimism that the lawsuit between Ripple and the SEC will be resolved in 2023, possibly as early as June. "We've always said we're open to settlement, but it requires one very important thing—that XRP is clearly not a security in the long run," Garlinghouse stated. However, SEC Chair Gary Gensler has publicly said he believes nearly all cryptocurrencies are securities. Garlinghouse criticized the SEC's actions so far as "embarrassing."
Garlinghouse emphasized the significance of the case's outcome: "One thing I kept hearing at Davos was how important this isn't just for Ripple... but for the entire U.S. crypto industry. I keep reminding people that outside the United States, crypto continues to thrive, Ripple continues to thrive—we should make sure we continue engaging with non-U.S. regulators as well."Original link
