Ripple CEO ‘Optimistic’ About SEC Lawsuit Over XRP — Says ‘I Feel Very Good About Where We Are’ – Regulation Bitcoin News
, 2023-01-19 21:36:08,
Ripple CEO Brad Garlinghouse says that he is “optimistic” that the Securities and Exchange Commission (SEC) lawsuit over xrp “will certainly be resolved in 2023.” He added that it could even be resolved in the first half of this year. “I feel very good about where we are relative to the law and the facts, the Ripple executive said.
Ripple CEO Feels ‘Optimistic’ About SEC Lawsuit
The CEO of Ripple Labs, Brad Garlinghouse, shared his view on the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) over the sale of XRP in an interview with CNBC Wednesday at the World Economic Forum in Davos, Switzerland.
Noting that the judges will “take however long” they take, Garlinghouse said:
We’re optimistic that this will certainly be resolved in 2023, and maybe 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 SEC filed a lawsuit against Garlinghouse, Ripple, and co-founder Chris Larsen in December 2020 over the sale of XRP which the regulator claimed was an unregistered security offering. Ripple has maintained that XRP is not a security. Both the SEC and Ripple submitted their final round of briefs in December last year, seeking a summary judgment of the case.
The Ripple CEO said he expects a ruling to arrive “sometime in the coming single-digit months,” adding that he doesn’t expect Ripple to settle with the securities regulator.
“We have always…
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